Vat, services tax, tds and wct on works contract
Neha Kothari (Manager) (136 Points)
17 March 2016Neha Kothari (Manager) (136 Points)
17 March 2016
CA KULDEEP ASOPA
(JK LAKSHMI CEMENT LTD)
(35 Points)
Replied 17 March 2016
Hello Neha,
wct would be charged if contract amount exceed rs. 1 cr. & TDS would be deducted u/s. 194C. Service tax would be applicable under works contract service under reverse charge mechanisim.
Neha Kothari
(Manager)
(136 Points)
Replied 17 March 2016
Hi Sir,
Coud u please give me reference from where this 1 cr. limit is taken. if you could share any section or notification for this, it would be great.
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