Service tax on job work invoice
This query is : Resolved
23 May 2014
An invoice as job work which is having description as installation charges of CCTV camera & there is no service tax claim by the vendor in bill, Can we deduct WCT on Bill Amount & what about reverse mechanism service tax on wct .
23 May 2014
1. Whether the CCTV was supplied by the same person.
2. WCT is applicable to be deducted only if you are a Govt company in most of the states
3. Unless the amount is substantial or includes material RST might not be applicable. However if supply and fixing are done by a single party then the RST will be applicable @ 70% of the invoice. It would be better if the service value is shown in the invoice separately so that RST can be paid on that alone without any abatement.
2. WCT is applicable to be deducted only if you are a Govt company in most of the states
3. Unless the amount is substantial or includes material RST might not be applicable. However if supply and fixing are done by a single party then the RST will be applicable @ 70% of the invoice. It would be better if the service value is shown in the invoice separately so that RST can be paid on that alone without any abatement.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Transporter Declaration form
- Applicability of GST on deduction for cancellation of Pension policy
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
