Service tax on construction company
This query is : Resolved
21 October 2012
Dear Sir / Madam,
for 100% Contract bill (construction work)
Can we charge Service tax on 40% of the contract value since we buy materials for the work
If Service tax can be charged on 40% of contract value, is WCT is chargeable on 100% of contract value or 60% of contract value
Please clarify
for 100% Contract bill (construction work)
Can we charge Service tax on 40% of the contract value since we buy materials for the work
If Service tax can be charged on 40% of contract value, is WCT is chargeable on 100% of contract value or 60% of contract value
Please clarify
22 October 2012
Under VAT normally there are 2 schemes.1) Regular scheme where the actual labour/ services canbe deducted at actuals from 100% and another where as per standard rates deduction of labour/ services can be claimed.In this scheme the Input Tax Credit can be availed on VAT paid for material used. 2) Composition scheme where on the whole 100% a lower rate of 4/5 % canbe discharged. No credit of ITC.
Under service tax also if actual labour / services deduction claimed then on the actual ST needs be discharged.
Where on ad hoc basis/ composition under VAT then on 40% for original works.
Under service tax also if actual labour / services deduction claimed then on the actual ST needs be discharged.
Where on ad hoc basis/ composition under VAT then on 40% for original works.
Message likes :
3 times
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Sale of Mutual Funds In Diffirent Financial Years
- Taxation on Old jewellery sold
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- Loss of interest in PF transfer from EPFO to Trust
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
