works contract tax accounting

one of my friend doing business of works contract, he buy and use material for contract no sales are there, incurs labour and other expenses. they been charged vat on most purchase of material. whether they have to file vat returns as nil sales and claim input tax as refund, whether service tax will be paid if so then on how much value …need treatment  for books

Anonymous Asked on May 24, 2017 in Book keeping.
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1 Answer(s)

Whether work contract if he is not selling is for self consumption or how it is …. You need to consult an accountant with complete details so that he can guide on the same

Regards

TaxIQ Answered on May 25, 2017.
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