K vat -works contract (compounding)
Rajesh
(Querist) 01 May 2013
This query is : Open
We are a pvt.ltd company and tax intelligence found that we have not registered as per K vat and they have asked us to pay Rs.6,20,000/- as compounding fee for 2010-11 & 2012-13 and the same we have paid ...and we have got registration also..
Now the sales tax people said that we need to pay the same amount again along with the balance tax whatever .........
We doubt that , whether we need to pay the double amount ------can you just clarify the doubt and help us at the earliest.
We are having receipts of the same ...we are a construction company and selling Villas -- work awarded to a contractor.
Rajesh
