Applicability of Service Tax & WCT as per Rajasthan VAT
This query is : Resolved
11 February 2009
I want to known About WCT & Service Tax as per Rajasthan VAT. Our Co. Registered in India as a foreign co. and we received WCT exemption certificate hence wct applicable rate is 1.5% on us. We are registered under serviec tax in composition scheme(4%). we are the main contractor. Let's assume we receive Rs. 100 from our client including service tax @ 4.12% & wct 1.5%. than What is the correct amt. of service tax, WCT & Net contract value.
Please tell me. It's very-2 Urgent.
I want to known About WCT & Service Tax as per Rajasthan VAT. Our Co. Registered in India as a foreign co. and we received WCT exemption certificate hence wct applicable rate is 1.5% on us. We are registered under serviec tax in composition scheme(4%). we are the main contractor. Let's assume we receive Rs. 100 from our client including service tax @ 4.12% & wct 1.5%. than What is the correct amt. of service tax, WCT & Net contract value.
Please tell me. It's very-2 Urgent.
23 April 2011
Dear Mr Yadav,
Hope you have resolved your problems till now & just a few days back i became member of this club. I want to let you know that in case of VAT Exemption fee Scheme in Rajasthan, the main contractor has to pay 1.5% of gross receipts (including Service Tax). If your contract Value is Rs 100 then Service Tax would be Rs 4.12 (as 4.12% in case of WCT Composition scheme) and total Receipts would be Rs 104.12 & hence VAT Exemption fee will be Rs 1.5% of Rs 104.12 i.e. Rs 1.5816/-. Hope you got what law says.
Hope you have resolved your problems till now & just a few days back i became member of this club. I want to let you know that in case of VAT Exemption fee Scheme in Rajasthan, the main contractor has to pay 1.5% of gross receipts (including Service Tax). If your contract Value is Rs 100 then Service Tax would be Rs 4.12 (as 4.12% in case of WCT Composition scheme) and total Receipts would be Rs 104.12 & hence VAT Exemption fee will be Rs 1.5% of Rs 104.12 i.e. Rs 1.5816/-. Hope you got what law says.
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Gift Received from nonblood relative
- FTS Taxable under 115A
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
