Vat liability - input of vat

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....at liability - input of vat<br> Query (Issue) Started By: - Jaimin Shah Dated:- 3-7-2009 Last Reply Date:- 7-7-2009 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>I have an order for construction of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....a power plant which involves supply of several items including civil works. I have placed a order on sub contractor for civil items (eg 10 Cr). The civil contractor purchases local material. The contr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....actor pays the VAT by normal method and gives me the certificate of the same. Now my billing to customer is 11 Crs(1 cr is my profit margin). How much VAT liability i have to carry(pay), will i get an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y VAT input credit. Reply By Mukesh Kumar: The Reply: As per the orde of high court (and i believe confired by the SC, once a sub-contractor pays VAT on some part of contract, the same is not includi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....be in the value of main contractor. Or the same would be excluded from the contractor's value of contract. The citatio of the case is - 2008 TMI - 30512 - SUPREME COURT - http://www.taxmanagementindia....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....com/site-map/global-search/list_case_laws_search.asp<br> Discussion Forum - Knowledge Sharing ....