Poonawalla fincorps

works contract in haryana

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(Querist)
13 December 2009 if i am regular dealer total works contract is 1 Lac. than how my tax laibilities is calculated
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Vishnu Saboo

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Vishnu Saboo (Expert)
14 December 2009 WCT calculation is based on material consumed.
means u must eliminate the service part from contract value and find out the material passed on value.
then calculate the tax amount on each item as per prevelling rate in state.

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