TaxTMI 
TaxTMI 
Clarification - DVAT return
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....larification - DVAT return<br> Query (Issue) Started By: - d.v. gupta Dated:- 12-6-2008 Last Reply Date:- 16-6-2008 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>we are doing works contract and char....
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....gin vat on 85% of value of contract @ 12.5 %. we show the value of 85% against works contract column in DVAT 16. where we have to shoe the remaining portion of 15%. whether it should be shown against ....
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....exempted sales. Reply By V Ramanujam: The Reply: VAT return requires reporting of 'taxable turnover' only. As labour portion is deductible for the purpose of arriving at the taxable turnover, the sam....
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....e need not be reported anywhere in the VAT return. However, the details may be required for verification at the time of VAT audit/assessment.<br> Discussion Forum - Knowledge Sharing ....