https://www.taxtmi.com/forum/issue?id=4801 Under Rule 58 the contractor must deduct labour and allowable expenses-either via the prescribed table or by adducing documentary proof-from contract receipts each year and pay VAT on the remaining value representing goods transferred; tax is computed annually on amounts received and goods are allocated between tax rates according to the purchase ratio. WCT TDS on payments is separate from VAT liability. en-us Tue, 09 Oct 2012 22:52:39 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4801 Under Rule 58 the contractor must deduct labour and allowable expenses-either via the prescribed table or by adducing documentary proof-from contract receipts each year and pay VAT on the remaining value representing goods transferred; tax is computed annually on amounts received and goods are allocated between tax rates according to the purchase ratio. WCT TDS on payments is separate from VAT liability. Discussion-Forum VAT / Sales Tax Tue, 09 Oct 2012 22:52:39 +0530 https://www.taxtmi.com/forum/issue?id=4801