Work contracts
This query is : Resolved
31 July 2014
hello
i want to know in up vat works contract:
the contract consist of 30% material & 70 % labour but the builder company has deducted 4% wct on total bill amount. now when we have filled for the refund the officer is saying that he will assume the works contract to be 70% material and 30 % labour.
please give views asap
i want to know in up vat works contract:
the contract consist of 30% material & 70 % labour but the builder company has deducted 4% wct on total bill amount. now when we have filled for the refund the officer is saying that he will assume the works contract to be 70% material and 30 % labour.
please give views asap
CA R SEETHARAMAN
(Expert)
31 July 2014
Deduction of 4% wct on total bill amount is in order. If you are able to produce the working along with bills of your claim to satisfy the officer you may get refund.
CA R SEETHARAMAN
(Expert)
31 July 2014
No it is the bill for expenses incurred for the works, to substantiate your claim of 30% material content and 70% labor content.
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