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Tax

(Querist) 24 June 2013 This query is : Resolved 
Dear Experts,
I am working for construction company,in our work order
"The Supply & Installation rates are excluding taxes, the VAT & Service tax shall be paid against proof payment made."is a Clause.
In this Most of the Supply items are bought out items,for that we are paying the VAT.Our Supply Rate is including our profit+Over Head etc.,

According to the above Clause,which is correct/Eligible claim in the following
1.100% Input VaT

or

2. Difference ie Input VaT - Output VAT

Please advice

Thanks/REgards

Eswar
Report Abuse
eswar (Querist) 25 June 2013
Hope I will be getting answer for my Query

Thanks/Regards

Eswar

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