Works contact
This query is : Resolved
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.
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.
Message likes :
1 times
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Tax rate change regarding
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
