works contract tax under vat
CA Sudipta Bandyopadhyay (CA ) (64 Points)
20 January 2017Plz reply me ASAP...
Thanks in advance,
CA Sudipta Bandyopadhyay.
CA Sudipta Bandyopadhyay (CA ) (64 Points)
20 January 2017
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 20 January 2017
Limted knowledge shared here
VAT is applicable on works contract in tamil nadu we have distinction between civil and non civil and rates are designed accordingly
Service tax applicable on works contract one kind of valuation is on the entire bill 70% value is taken for charging service tax and 70% value is taken for computing vat
TDS is applicable under 194c for labour portion based on the threshold limit applicable
CA Sudipta Bandyopadhyay
(CA )
(64 Points)
Replied 20 January 2017
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 20 January 2017
no idea about west bengal tax but generally input credit is not available for VAT as well as Service tax
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