General Negative list Items for Works Contracts under State VAT Act & Rules

Posted by Unknown on 23:45 in Sales Tax Service Tax VAT Works Contract | Comments : 0

(a) Purchases effected by way of works contract where the contract results into an immovable Property .

(b) Purchases of Building material which are not resold but are used in the activity of Construction. (Free issues)

(c) Purchases of works contracts made by the Contractee in Civil Contracts .

(d) Any purchases of Consumables or of goods treated as Capital Assets by the Contractor/dealer where he is principally engaged in doing job work or labour work and is not engaged in the business of manufacturing of goods for sale by him.

(Please refer to the specific provisions of works contracts under the relevant state VAT Acts for such Negative lists)