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Works contact

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(Querist)
16 February 2014 Hi, we have received a contract from a party for laying and cabling work... all the material will be provided by the party except some items like brick, sand, cement etc and this material will be provided by us...in this case.... whether WB WCT tax will apply here... if yes then what will be the billing structure ? suppose my basic amount is 100 how we will calculate tax ?? please suggest.... thank you.
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Vishakha Kejriwal.

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Vishakha Kejriwal. (Expert)
17 February 2014 As per Section 2(57) of the WBVAT Act the contract awarded is a works contract and accordingly vat provisions relating to works contract would apply. There are different methods of levying tax prescribed in Section 18 of the WBVAT Act depending on whether separate accounts are maintianed for materials and labour as well as composition scheme. You may refer to the said Section for ascertaining your tax liability.
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Vishakha Kejriwal.

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Vishakha Kejriwal. (Expert)
17 February 2014 As per Section 2(57) of the WBVAT Act the contract awarded is a works contract and accordingly vat provisions relating to works contract would apply. There are different methods of levying tax prescribed in Section 18 of the WBVAT Act depending on whether separate accounts are maintianed for materials and labour as well as composition scheme. You may refer to the said Section for ascertaining your tax liability.
Profile Image

Vishakha Kejriwal.

Profile Image

Vishakha Kejriwal. (Expert)
17 February 2014 As per Section 2(57) of the WBVAT Act the contract awarded is a works contract and accordingly vat provisions relating to works contract would apply. There are different methods of levying tax prescribed in Section 18 of the WBVAT Act depending on whether separate accounts are maintianed for materials and labour as well as composition scheme. You may refer to the said Section for ascertaining your tax liability.
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