https://www.taxtmi.com/forum/issue?id=809 VAT returns must report only taxable turnover; the labour portion of a works contract is deductible in computing taxable turnover and need not be shown on the return. The taxable portion should be entered in the works contract column of the DVAT return, while details of the deducted labour component should be retained for potential VAT audit or assessment. en-us Thu, 12 Jun 2008 11:25:07 +0530 Thu, 23 Jan 2025 15:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=809 VAT returns must report only taxable turnover; the labour portion of a works contract is deductible in computing taxable turnover and need not be shown on the return. The taxable portion should be entered in the works contract column of the DVAT return, while details of the deducted labour component should be retained for potential VAT audit or assessment. Discussion-Forum VAT / Sales Tax Thu, 12 Jun 2008 11:25:07 +0530 https://www.taxtmi.com/forum/issue?id=809