Please tell any one how to calculate works contracts vat tax
2 Replies
dayananda
(tax consultant)
(45 Points)
Replied 28 March 2011
Works contract Tax is either 6% or 14.5% depending on the nature of Works Contract,
Works contract Tax rates are mentioned in the Schedule to VAT Act.
Mahabaleshwara Rao
(director)
(197 Points)
Replied 01 April 2011
For supply of materials apply the rate of tax applicable to that goods under K VAT.
For civil portion deduct labour and other incidental expenses incurred to arrive the taxable turnover.
Recent Topics
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
Related Threads
CAclubindia
