TaxTMI 
TaxTMI 
Contractor
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....ontractor<br> Query (Issue) Started By: - tirthram arondekar Dated:- 24-2-2012 Last Reply Date:- 25-2-2012 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Does an contractor liable under VAT for the c....
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....ontract receipts for which already service tax paid? if yes at what rate, how to treat input tax? How to arrive at VAT. Reply By Pradeep Khatri: The Reply: Yes, if it falls under the category of 'W....
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....orks Contract Services". As per the Goa VAT Act, Section 2 (aq) "Works contract" shall include any agreement for carrying out for cash,deferred payment or other valuable consideration, the building, c....
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....onstruction,manufacturing, processing, fabrication, erection, installation, fitting out improvement,modification, repair or commissioning of any movable or immovable property;. Further, as per Sectio....
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....n 28, there is a provision to deduct 1% TDS under Works Contract from the total payment which the contractor receives. Provided that, no such deduction shall be made where the amount or the aggregat....
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....e of the amount payable to a dealer by such employer is less than one lakh rupees during a year or when the cost of material used in execution of the works contract is less than 10% of the contract va....
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....lue. Please also get it clarified from your counsel.<br> Discussion Forum - Knowledge Sharing ....