Vat liability - input of vat

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..... Vat liability - input of vat
Query (Issue) Started By: - Jaimin Shah Dated:- 3-7-2009 Last Reply Date:- 7-7-2009 VAT + CST
Got 1 Reply
VAT / Sales Tax
I have an order for construction of .....

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..... a power plant which involves supply of several items including civil works. I have placed a order on sub contractor for civil items (eg 10 Cr). The civil contractor purchases local material. The cont .....

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..... ractor pays the VAT by normal method and gives me the certificate of the same. Now my billing to customer is 11 Crs(1 cr is my profit margin). How much VAT liability i have to carry(pay), will i get a .....

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..... ny VAT input credit. Reply By Mukesh Kumar: The Reply: As per the orde of high court (and i believe confired by the SC, once a sub-contractor pays VAT on some part of contract, the same is not includ .....

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..... ibe in the value of main contractor. Or the same would be excluded from the contractor's value of contract. The citatio of the case is - 2008 TMI - 30512 - SUPREME COURT - http://www.taxmanagementindi .....

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..... a.com/site-map/global-search/list_case_laws_search.asp
Discussion Forum - Knowledge Sharing .....

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