banner_ad

Calculation of vat & service tax under wct

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 August 2011 Dear Friends,

can anyone explain the procedure for calculating the VAT and Service Tax under Works Contract Tax. Please consider the value of work contract is Rs.1,00,000/-. My concern is whether the VAT Calculation @ 4% on sum of (100000+ 4.12% of 100000) or VAT @ 4% on 100000 and ST @ 4.12% on 100000. Which one is the correct procedure.
please help me

Thanks & Regards,

Suman M.
Profile Image

VISHRUT

Profile Image

VISHRUT (Expert)
29 August 2011 It will be liable under VAT only and hence require to chrage VAT @ 4% on same which will be Rs. 4,000/-

For further details follow the following article.

https://www.salestaxindia.com/htms/articles1.htm
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details