TMI Blogcivil work contractX X X X Extracts X X X X X X X X Extracts X X X X ..... How to calculate service tax and vat on work contract and what will be the rate of vat ? - Reply By Ganeshan Kalyani - The Reply = As per valuation rule, taxable value is 40% of the consideration in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... case the works is original otherwise it is 70% of the consideration to calculate service tax. - Reply By Ganeshan Kalyani - The Reply = Vat rate is different in case composition scheme is availed or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otherwise. - Reply By YAGAY AND SUN - The Reply = VAT Rate may vary from 5% to peak rate i.e. 12.50% to 15%. However, VAT Rate on works contract can be calculated on the value of actual material use ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d or on abated value or on composition scheme as the case may be. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = On observation from the queries, the queries are not complete in nature. If you ask ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the rate of VAT how can it be presumed your actual applicability VAT rate, since the same is different from state to state. Please give a complete picture of query so that correct advice may be give ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n. - civil work contract - Query Started By: - Ram Babu singh Dated:- 24-12-2015 Value Added Tax - VAT-CST - Got 4 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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