Work contract service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2011
what is the gross amount for charging service tax in case of WCS?
Example: we submitted a RA bill for RS.100000/-.
party deducted the following..
wct@ 4% 4000
TDS@1.03% 1030
royalty 1000
laboue cess 1000
net amount 92970
in this case what is our service tax liability?
Example: we submitted a RA bill for RS.100000/-.
party deducted the following..
wct@ 4% 4000
TDS@1.03% 1030
royalty 1000
laboue cess 1000
net amount 92970
in this case what is our service tax liability?
14 October 2011
You have to deposit service tax on Rs. 100000/- bcoz wct, tds, royalty and labour cess deducted by the party are considered as payment received indirectly.
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