In a Works contract Service All Cases Under Abatment or not
2 Replies
RAKESH MAHAJAN
(Student CA Final )
(32 Points)
Replied 26 April 2014
In case of WCT % of abatement is
40% in case of original contract
60% in case of repairs
and for the rest is 70%
CA Mukesh Choudhari
(xyz)
(153 Points)
Replied 27 April 2014
. Execution of original
works .
Forty percent of the total amount charged
for the work contract .
b . Maintenance or repair or reconditioning or
restoration or servicing of any goods
including such gross amount .
Seventy per cent of the total amount
charged .
c . In case of other works contracts, not
included in serial nos. (A ) and (B ) above ,
works contract including contracts for
maintenance , repair , completion and
finishing services such as glazing , plastering ,
floor and wall tiling , installation of electrical
fittings .
Sixty percent of the total amount charged for
the work contract
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