Applicability of W.C.T

This query is : Resolved

Suresh M.Moolya (Querist)
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09 June 2011 We receive one invoice from the party appointed by us for constructing office building. We have been authorised by approving authority to deduct T.D.S & W.C.T @ 2% on the invoice.

The query is whether 2% W.C.T should be deducted on either on Net invoice value (i.e. including 5% V.A.T and Service Tax) or on the Total invoice value (i.e. including 5% V.A.T and excluding Service Tax)?

Please Clarify.

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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09 June 2011 SERVICE TAX IS TO BE EXCLUDED ONLY IF TAX IS DEDUTED UNDER SECTION 194-I
IN ALL OTHER CASES IT SHLD BE ON ENTIRE AMOUNT

CA MANOJ GUPTA
JODHPUR
09828510543