Work contract tax
This query is : Resolved
16 February 2012
Dear All,
My query is regarding on what value WCT is to be deducted:-
1. Material 100
2. Labour(service portion) 50
3. Vat 10
4. Service tax 10
----
170
----
if work contract is under
(a) normal scheme
(b) composition scheme.
Please reply as early as possible.
My query is regarding on what value WCT is to be deducted:-
1. Material 100
2. Labour(service portion) 50
3. Vat 10
4. Service tax 10
----
170
----
if work contract is under
(a) normal scheme
(b) composition scheme.
Please reply as early as possible.
16 February 2012
To add to your query my query pls. differentiate WCT from VAT and Service tax. What is the legal basis of WCT. I think it is same as VAT but used in popular sense as WCT. Pls. correct if I am wrong.
If VAT & Service tax has already been levied. Then how levy of WCT arises.
If VAT & Service tax has already been levied. Then how levy of WCT arises.
17 February 2012
Here i would also like to clarify WCT is TDS on VAT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
