querry

This query is : Resolved 

24 February 2009 dear sir,

i am an interior designer practising as an Consultant. i have few commercial projects in my hand with material and labour.
what taxes are applicable to me if i am doing such jobs?
should i collect s taxes on the gross amount?
should i collect taxes if i cross 10 lacs after deducting material bills? i will not cross 10 lacs if only consultancy is there. should i also collect vat if i cross 5 lacs as billing is in my head? what is the percentage of taxes applicable and on what case?

i am not doing this kind of jobs on regular basis. will i have to continue collecting such taxes next year even if i will not cross 10 lacs?

please suggest me as i am in puzzle regarding collecting taxes from my clients.

anticipating your reply at the earliest.

26 February 2009 YOU HAVE TO COLLECT VAT & SERVICE TAX BOTH
THERE ARE OPTIONS FOR VAT RATES & SYSTEM WHICH YOU SHOULD BENIFICIALLY ADOPT. PLS CONSULT & SPEAK TO YOUR TAX CONSULTANT.

CHANDRAKANT AMBANI
MUMBAI
9819408963
9821240674


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