https://www.taxtmi.com/article/detailed?id=1353 Where a contractor does not maintain books to determine the value of goods incorporated in a works contract, or where deductions under Rule 15(4) are considered unreasonably high, Rule 15(6) and the proviso to section 8(2 A) require tax on the total consideration after the limited, prescribed deductions in the Rule 15(6) table; contractors subject to this scheme cannot claim input tax credit and are not eligible to issue VAT invoices. en-us Mon, 11 Jul 2011 23:34:59 +0530 Mon, 11 Jul 2011 23:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1353 Where a contractor does not maintain books to determine the value of goods incorporated in a works contract, or where deductions under Rule 15(4) are considered unreasonably high, Rule 15(6) and the proviso to section 8(2 A) require tax on the total consideration after the limited, prescribed deductions in the Rule 15(6) table; contractors subject to this scheme cannot claim input tax credit and are not eligible to issue VAT invoices. Articles Value Added Tax - VAT and CST Mon, 11 Jul 2011 23:34:59 +0530 https://www.taxtmi.com/article/detailed?id=1353