Invoice 8 ca ( work contractors)

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Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 sir, our company is a work contractors IN KERALA, the first work contract receipt is 500000, the agreement is agreed to pay vat and service tax extra, so how to calculate or how to model of INVOICE 8 CA BILL?

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 please HELP ME...........................................................................

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 November 2014 Contact value -- 5,00,000/-
KVAT @ 3% -- 15,000/-
Service Tax @ 4.944% -- 24,720/-

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Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 thank you sir,,
is kvat 6 % ?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 November 2014 6% is for dealers having CST registration and brings goods into Kerala from outside.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 THANK YOU FOR YOUR VALUABLE REPLY
WE HAVE NOT CST REGISTERED...
CONTACT AMOUNT ; 500000
KVAT 3% ;15000
SERVICE TAX ;24720
SO TOTAL INVOICE AMOUNT IS = 539720

IS IT RIGHT ?

Querist : Anonymous

Querist : Anonymous (Querist)

17 November 2014 sir, if we are cst registered, that case, what tax rate of kvat after 3-9-2014 and before 3-9-2014..please reply sir,,
i heard kvat is change 6% to 7% after 3-9-2014. but the contarct amount was receive on 10-7-2014... this amount was not produce 8 CA INVOICE. THIS bill is produce in to day, so how we calculate?

Neljo Davis ACA

Neljo Davis ACA (Expert)
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18 November 2014 The Amount Rs.539,720/- is right subject to 'Contract' will fall under the definition of Original Works Contract under Service Tax. i.e.(40% of 12.36). If the contract is not for an 'Original Work' then Service Tax rate is 70% of 12.36.

Also note that VAT Rate in Kerala for compounding dealers is 4% w.e.f 3rd Sep 2014.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2014 thank you sir,, but that 4 % is effect to only cst unregistered company, if we are cst registered company.. so what rate after 3-9-14?

Neljo Davis ACA

Neljo Davis ACA (Expert)
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18 November 2014 w.e.f. 3rd Sep 2014 7% if the dealer having CST Registration.

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Querist : Anonymous

Querist : Anonymous (Querist)

18 November 2014 THANK YOU SIR, THIS VERY HELP FULL

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 sir
is form 8 C A shows tax amount?

Neljo Davis ACA

Neljo Davis ACA (Expert)
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24 November 2014 Form 8CA is the Invoice format for compounding dealers. Form 8C is the Invoice format for non compounding dealers, which shows tax amount. Even though there is no separate column for tax amount in Form 8CA format given by Kerala Commercial Taxes, same can be shown separately and collected from the Awarder.

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