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dyeing job work of cloth

VAT and Sales Tax - Started By: - satbir singh wahi - Dated:- 3-3-2017 Last Replied Date:- 17-3-2017 - Under rule 15 (4) of punjab Vat act, the dyeing unit is claiming labour , pet coke and other etp consumables and profit as deductible from Sale value , the balance is treated as taxable sale, and vat paid @6.05%. The ETO is saying that ITC on Pet coke and etp consumable will not be allowed as deducted above for calculation taxable sale. Whether this view of ETO correct. PLs guide. - Reply By YA .....

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oth form the part of P&L Account at opposite sides. Please check the facts and revert to enable us to reply to your query. - Reply By Ganeshan Kalyani - The Reply = VAT is payable on sale value. If value itself is reduced by components as mentioned in your query the VAT paid is on lesser sale value. Thus the dept is not allowing to claim set off. It seems logical. - Reply By satbir singh wahi - The Reply = AS PER RULE 15(4) OF PUNJAB VAT ACTSALE VALUE 100LESS LABOUR 15CONSUMABLES 5PET COKE F .....

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