Dear Sir,
We have received WCT order for a job to be carried out in chennai with an indivisible rate for supply and erection.
please let me know how to calculate the tax payable if the taxes are being paid extra by the purchase.(ie. 4% for supply and 4.12 Service tax for Erection)
Our Invoice value is Rs.1,00,000/- for both supply and erection
what will be the basic value of Sales Tax on WCT and Service Tax for calculating the tax.
chandraram v
Dear Chandaram V,
Did you get the solution. I am also facing a similar situation.
F. Anwar
no deduction shall be made under WCT where the aggregate amount paid/payable or credited during the year in the execution of Work contract including civil work contract does not exceed Rs. 1,00,000/-.
for your convenient the WCT act attached herewith.
CAclubindia
