Clarification - DVAT return

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..... Clarification - DVAT return
Query (Issue) Started By: - d.v. gupta Dated:- 12-6-2008 Last Reply Date:- 16-6-2008 VAT + CST
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VAT / Sales Tax
we are doing works contract and cha .....

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..... rgin vat on 85% of value of contract @ 12.5 %. we show the value of 85% against works contract column in DVAT 16. where we have to shoe the remaining portion of 15%. whether it should be shown against .....

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..... exempted sales. Reply By V Ramanujam: The Reply: VAT return requires reporting of 'taxable turnover' only. As labour portion is deductible for the purpose of arriving at the taxable turnover, the sa .....

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..... me need not be reported anywhere in the VAT return. However, the details may be required for verification at the time of VAT audit/assessment.
Discussion Forum - Knowledge Sharing .....

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