https://www.taxtmi.com/forum/issue?id=1938 VAT for a works contract is levied on 75% of the contract value. Declared goods supplied in the identical form to the purchaser retain their original lower VAT rate; goods not transferred in the same form, including those incorporated into the works, are subject to the higher works-contract VAT rate on the taxable portion. en-us Tue, 18 May 2010 12:55:30 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1938 VAT for a works contract is levied on 75% of the contract value. Declared goods supplied in the identical form to the purchaser retain their original lower VAT rate; goods not transferred in the same form, including those incorporated into the works, are subject to the higher works-contract VAT rate on the taxable portion. Discussion-Forum VAT / Sales Tax Tue, 18 May 2010 12:55:30 +0530 https://www.taxtmi.com/forum/issue?id=1938