What is non-valuated material?
Answer / Anju Sirohi
Non-Valuated Material refers to materials which are not included in the costing process. These materials are either free materials (e.g., water) or internal transfers.
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Hi the Value of Free Issue material in the Service Order being Prepared for works contract of Commercial or industrial construction. This value of Free issue Material is only for the purpose of calculating the service tax and is not to be added in the actual Expense or in crediting to vendor. It is only for statistical Purpose. Kindly note that value of Free Material shall be absolute value and not in %. appreciate your response
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