TaxTMI 
TaxTMI 
Input Credit in case of Works Contract
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....nput Credit in case of Works Contract<br> Query (Issue) Started By: - Saurabh Singh Dated:- 23-10-2012 Last Reply Date:- 25-10-2012 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Team I have on....
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....e client who is doing Civil contract works , Following is the discription of his works:- 1. Civil Works with material 2. Paying Tax on @ 5% on Invoice Value 3. Take Full Input Credit of Goods Purch....
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....ased From Register Delar Now My Querstion is :- 1. Can he take input credit 2. any notification is there for composit contract Kindly help me with ur valuable reply and comment on the same Thank....
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....s & Regards saurabh Singh 09773679465 Reply By MANDAVILLI RAMAKRISHNA: The Reply: from which state you are asking this question? your question is also not clear. he can not take ITC if he opts to....
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.... pay at 5% i.e., compositon rate. he can take ITC in case of non composition ie., he has to be pay tax at 14.5% after setting off ITC.as the works contract turnover does not fall in any schedule. i....
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....n andhra pradesh, 90% of input eligible to be claimed for set off. composition to be opted in a month time of receiving work order RK VIZAG AP 9000016080<br> Discussion Forum - Knowledge Sharing ....
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