https://www.taxtmi.com/forum/issue?id=4634 VAT on works contracts is levied on the value of transfer of property in goods occurring during execution; where no out-of-state goods are procured, tax is charged as a percentage of total consideration, while out-of-state purchases attract tax at the regular rate on goods plus an additional percentage of consideration after adjusting for tax-paid value. Mobilization advance is not taxable absent any transfer of property in goods, though VAT invoiced on advances must be paid. Deductions for labour require documentary proof or, if unascertainable, a prescribed standard deduction. en-us Sun, 02 Sep 2012 09:50:32 +0530 Thu, 23 Jan 2025 15:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4634 VAT on works contracts is levied on the value of transfer of property in goods occurring during execution; where no out-of-state goods are procured, tax is charged as a percentage of total consideration, while out-of-state purchases attract tax at the regular rate on goods plus an additional percentage of consideration after adjusting for tax-paid value. Mobilization advance is not taxable absent any transfer of property in goods, though VAT invoiced on advances must be paid. Deductions for labour require documentary proof or, if unascertainable, a prescribed standard deduction. Discussion-Forum VAT / Sales Tax Sun, 02 Sep 2012 09:50:32 +0530 https://www.taxtmi.com/forum/issue?id=4634