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TMI BlogChargibility of Vat on Items Under the head supply of Plant & MachineryX X X X Extracts X X X X X X X X Extracts X X X X ..... Please guide me We have awarded a turnkey contract from SAIL which consists of ( a ) Engineering ( b ) Supply of Plant Machinery ( c ) Erection of those supplied items. Supply of Plant Machinery consists of several items different Vat rate chargeability .Please guide me the legal bindings of Vat rate chargeability of purchase of Input items. As it is Plant Machinery to the SAIL like ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... making a GCP (Gas Cleaning Plant) - Reply By Partha Sarkar - The Reply = In continuation of the above mail I mean to say that can we charge a single rate (Plant Machinery) while raising Tax Invoice as rate of Input Materials are different (Item based). - Reply By YAGAY AND SUN - The Reply = Dear Partha, The turnkey projects are well defined in the definition of Work Contract under DVAT Act ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as well as Service Tax Laws, therefore, the whole plant will come under the purview of WCT. On your invoice you may mention GAS CLEANING PLANT and charge taxes as per the provisions of WCT under DVAT Act as well as Service Tax Laws. - Reply By Ganeshan Kalyani - The Reply = In my view the rate of tax of main item would apply. Say if it a machinery then the kind of machinery it is the tax of tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t machinery would apply if itemwise purchased. - Reply By Partha Sarkar - The Reply = Dear All Thanks for your prompt reply.In continuation to my earlier mail I m clarifying further it is a divisible contract.Contract is divided like ( a) Supply of Plant Machinery-Supply Invoice ( b) Service of design engineering-Service Invoice ( c ) Erection of GCP Plant where Vat as well as service t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax applicable. For supply of Plant Machinery say 10 items Each item is separate in nature vat rate is different but the equipment we make is GCP. While raising supply invoice items wise(10 items as per billing schedule) which rate is to be applicable of vat as the main equipment is Plant Machinery (GCP) to the SAIL - Reply By YAGAY AND SUN - The Reply = Please check SC Judgement of Kone ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elevator in this connection. - Chargibility of Vat on Items Under the head supply of Plant & Machinery - Query Started By: - Partha Sarkar Dated:- 23-1-2017 Value Added Tax - VAT-CST - Got 5 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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