23 May 2014
An invoice as job work which is having description as installation charges of CCTV camera & there is no service tax claim by the vendor in bill, Can we deduct WCT on Bill Amount & what about reverse mechanism service tax on wct .
23 May 2014
1. Whether the CCTV was supplied by the same person.
2. WCT is applicable to be deducted only if you are a Govt company in most of the states
3. Unless the amount is substantial or includes material RST might not be applicable. However if supply and fixing are done by a single party then the RST will be applicable @ 70% of the invoice. It would be better if the service value is shown in the invoice separately so that RST can be paid on that alone without any abatement.
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