applicability of taxes

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2014 Hi.....
My one client Partenership firm get a contract of Approx. of 2 crore.

He will do only RCC Labour work ... its a totally labour work contract for doing only RCC Slabs of one huge building ....

He is also like to give the same work in sub contract.

How many taxes he will have to pay & at what Percentage like service tax & tds etc....

Please give ur inputs ......

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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16 May 2014 IT IS UNDER CATEGORY OF REVERSE CHARGE MECHANISM MANPOWER SUPPLY SERVICES

LIABILITY OF STAX 3.09% ON GROSS BILL.

CAN GIVE SUB CONTRACT CAN ALSO PAID SUBCONTRACTOR AND TAKE CENVAT CREDIT PASS AND TAKE CREDIT.

TDS 2% ON GROSS

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2014 my client is also sub contractor and my client is not get contract on labour supply base but on working base like square feet / Mtr .....

KUMAR trp707@gmail.com

KUMAR trp707@gmail.com (Expert)
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16 May 2014 MATERIAL PORTION VAT AMOUNT LIABILITY OF UR
CLIENT OR NOT.

WITH OUT MATERIAL VALUE PORTION OF SQUARE FEET AMOUNT TAKE FOR SUB CONTRACT IT IS UNDER CATEGORY OF MANPOWER SUPPLY.

SO LIABILITY OF 3.09% COLLECT FROM MAIN CONTRACTOR.

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2014 only labour work not material .....