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civil work contract

VAT and Sales Tax - Started By: - Ram Babu singh - Dated:- 24-12-2015 Last Replied Date:- 27-12-2015 - 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 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 .....

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