https://www.taxtmi.com/forum/issue?id=3852 Where a contract is classified as works contract services, VAT applies to contract receipts even if service tax has been paid; works contracts include agreements for building, construction and related activities. There is also a statutory provision for deduction at source from payments to contractors for works contracts, subject to exceptions based on prescribed payment and material-cost thresholds, and parties should clarify input tax credit and deductibility with counsel. en-us Fri, 24 Feb 2012 11:36:41 +0530 Thu, 23 Jan 2025 15:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3852 Where a contract is classified as works contract services, VAT applies to contract receipts even if service tax has been paid; works contracts include agreements for building, construction and related activities. There is also a statutory provision for deduction at source from payments to contractors for works contracts, subject to exceptions based on prescribed payment and material-cost thresholds, and parties should clarify input tax credit and deductibility with counsel. Discussion-Forum VAT / Sales Tax Fri, 24 Feb 2012 11:36:41 +0530 https://www.taxtmi.com/forum/issue?id=3852