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works contrat tax

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(Querist)
07 February 2011 What is works contract tax??which persons are liable to pay?also,what are its rates applicable?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 February 2011 Works contract is a type of VAT, where the sales involves both Material & labour portion, then Work contract is applicable, also Work contract service under service tax categary is there
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Ginny Hasija

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Ginny Hasija (Querist)
08 February 2011 Thanks a lot sir,but i also want to know the rates applicable?
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