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Particulars

Meaning in
MVAT.
Sale Sale = Gross Value of Contract Labour and Service Charges, Amount
paid to Subcontractor, Amount paid to Sub contractor for labour
and services,charge for planning, designing,architect fees, charges
for hire of machinery, cost of consumable such as water, electricity
fuel, Cost of Establishment of the contractor relatable to supply of
labour and services, other similar expenses relatable to supply of
labour and services , Profit earned by service provider relatable to
supply of labour and services cost of land
Sale = Gross Value of Contract -Payment to
Subcontractor on which VAT is paid and separately
charged in the bill by subcontractor - Fixed % (ex-
Painting-20%, P & M -15%, Other work contract-
25%) for Labour and Service Charges of (Gross Value
of Contract -Payment to Subcontractor on which
VAT is paid and separately charged in the bill by
subcontractor) cost of land
Sale = Gross Value of contract -Payment
to Subcontractor on which VAT is paid
and separately charged in the bill by
subcontractor
Sale = Gross Value of contract -
Payment to Subcontractor on
which VAT is paid and separately
charged in the bill by
subcontractor
Output VAT As per Schedule (12.5% or 5%) of Sale As per Schedule (12.5% or 5%) of sale 5% of sale 1% of sale
Set off setoff = Full/ 100% of Input VAT - U/R 52 setoff = Full/ 100% of Input VAT - U/R 52 Setoff after 4% of retention - U/R 53(4) No Set Off
Section / Rule
Under Service
Tax
Rule 2 A(i) of Service Tax Valuation Rule 2006 Rule 2 A(ii) of Service Tax Valuation Rule 2006 Rule 2 A(ii) of Service Tax Valuation
Rule 2006
Rule 2 A(ii) of Service Tax
Valuation Rule 2006
Meaning in
Service Tax.
Sale = Gross value of contract the value of transfer of property in
goods involved in the execution contract
Sale = Gross Value of contract + Value of Land + Free
Cost of Material
Sale = Gross Value of contract +
Value of Land + Free Cost of
Material
Or
Sale = Labour and Service Charges, Amount paid to Subcontractor,
Amount paid to Sub contractor for labour and services,charge for
planning, designing,architect fees, charges for hire of machinery,
cost of consumable such as water, electricity fuel, Cost of
Establishment of the contractor relatable to supply of labour and
services, other similar expenses relatable to supply of labour and
services , Profit earned by service provider relatable to supply of
labour and services
3.09% of sale( for residential unit having carpet area
of the unit is less than 2000 sq feet and the amount
charges for unit is less than 1 crore) (25% -
Abatement Rate)
3.09% of sale( for residential unit
having carpet area of the unit is less
than 2000 sq feet and the amount
charges for unit is less than 1 crore)
(25%- Abatement Rate)
3.09% of sale( for residential unit
having carpet area of the unit is
less than 2000 sq feet and the
amount charges for unit is less
than 1 crore) (25%- Abatement
Rate)
3.708% of sale (For Others) (30%- Abatement Rate) 3.708% of sale (For Others) (30%-
Abatement Rate)
3.708% of sale (For Others) (30%-
Abatement Rate)
Input No Input No Input No Input No
Section / Rule
under MVAT
U/R 58(1) Actual Basis U/R 58 Fixed Percentage
Example Builder sale a flat to Buyer for a consideration.
Construction like building, dam, road, cannel, jetty, pool, treatment plant.
Example Builder sale a flat to Buyer for a consideration.
Set off
Output Service
Tax
Sale Sale = Gross Value of contract + Value
of Land + Free Cost of Material
12.36% of sale(100%)
Construction like building, dam, road, cannel, jetty, pool, treatment plant.
Sec 42(3) Composition Scheme Sec 42(3)(A)Composition Scheme
Construction Contract
Construction means a Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire
consideration is received after issuance of certificate of a completion by a competent authority.
Work Contract Means work contract namely, an agreement (express or Implied) for carrying out for cash, for deferred payment or other valuable consideration, the building, construction
manufacture, processing, fabrication, erection, installation, filling out, improvement, modification, repair or commissioning of any movable or immovable property.
Capital Goods- Yes Capital Goods- Yes Capital Goods- Yes Capital Goods- Yes
Input Service -Yes Input Service -Yes Input Service -Yes Input Service -Yes
Set off
Particulars
Section / Rule
under MVAT Act
U/R 58(1) Actual Basis U/R 58 Fixed Percentage Sec 42(3) Composition Scheme
Meaning in MVAT.
Sale Sale = Gross Value of Contract Labour and Service Charges, Amount paid to
Subcontractor, Amount paid to Sub contractor for labour and
services,charge for planning, designing,architect fees, charges for hire of
machinery, cost of consumable such as water, electricity fuel, Cost of
Establishment of the contractor relatable to supply of labour and services,
other similar expenses relatable to supply of labour and services , Profit
earned by service provider relatable to supply of labour and services
Contractor for cost of land
Sale = Gross Value of Contract -Payment to
Subcontractor on which VAT is paid and separately
charged in the bill by subcontractor - Fixed % for Labour
and Service Charges of (Gross Value of Contract -
Payment to Subcontractor on which VAT is paid and
separately charged in the bill by subcontractor) cost
of land
Sale = Gross Value of contract -Payment to
Subcontractor on which VAT is paid and separately
charged in the bill by subcontractor
Output VAT As per Schedule (12.5% or 5%) of Sale As per Schedule (12.5% or 5%) of sale 8% of sale
Set off setoff = Full/ 100% of Input VAT -U/R 52 setoff = Full/ 100% of Input VAT U/R - 52 setoff = 64% of Input VAT - U/R 53(4)
Section / Rule
Under Service Tax
Rule 2 A(i) of Service Tax Valuation Rule 2006 Rule 2 A(ii) of Service Tax Valuation Rule 2006 Rule 2 A(ii) of Service Tax Valuation Rule 2006
Meaning in Service
Tax.
Sale = Gross value of contract the value of transfer of property in goods
involved in the execution contract
Sale = Gross Value of contract + Value of Land + Free
Cost of Material
Sale = Gross Value of contract + Value of Land + Free
Cost of Material
Or
Sale = Labour and Service Charges, Amount paid to Subcontractor, Amount
paid to Sub contractor for labour and services,charge for planning,
designing,architect fees, charges for hire of machinery, cost of consumable
such as water, electricity fuel, Cost of Establishment of the contractor
relatable to supply of labour and services, other similar expenses relatable
to supply of labour and services , Profit earned by service provider relatable
to supply of labour and services
Work Contract For Original Work 4.944% of sale (40%-
Abatement Rate)
Work Contract For Original Work 4.944% of sale (40%-
Abatement Rate)
Work Contractor of maintenance or repairs or
reconditioning or restoration or servicing of any goods
8.652% of sale (70%- Abatement Rate)
Work Contractor of maintenance or repairs or
reconditioning or restoration or servicing of any goods
8.652% of sale (70%- Abatement Rate)
Other work contract excluding above(including repair,
maintenance of immovable property) - 7.416% of sale
(60%- Abatement Rate)
Other work contract excluding above(including repair,
maintenance of immovable property) - 7.416% of sale
(60%- Abatement Rate)
Example
Example
Sale
Output Service Tax
Other Than Construction Work Contract
Work Contract Means work contract namely, an agreement (express or Implied) for carrying out for cash, for deferred payment or other valuable consideration, the building, construction
manufacture, processing, fabrication, erection, installation, filling out, improvement, modification, repair or commissioning of any movable or immovable property.
Immovable - Installation of Plant and Machinery, Construction of Building.
Movable - Repair and Maintenance of Vehicle, Composite contract of movable property.
Work contract Means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of
carrying out construction, erection, commissioning, installation, completion, filling out, improvement, repair, renovation, alteration of any movable or immovable property.
Immovable - Installation of Plant and Machinery, Construction of Building.
Movable - Repair and Maintenance of Vehicle, Composite contract of movable property.
12.36% of sale (100%)
Input No Input No Input No
Capital Goods- Yes Capital Goods- Yes Capital Goods- Yes
Input Service -Yes Input Service -Yes Input Service -Yes
Set off

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