Vat & wct
This query is : Resolved
11 January 2016
Urgent...!!! Please Clarify
In an arrangement between a company (Say A Ltd.) and a subcontractor (Say B Ltd), (Assuming whole contract value is Rs. 1,00,000).B Ltd raises a single invoice bifurcating 30% as service portion and 70% as material portion. on 30%, B Ltd charges Service Tax and on the balance 70% it charges VAT.
Is it mandatory for A Ltd to deduct WCT apart from this? If yes, on what amount?
In an arrangement between a company (Say A Ltd.) and a subcontractor (Say B Ltd), (Assuming whole contract value is Rs. 1,00,000).B Ltd raises a single invoice bifurcating 30% as service portion and 70% as material portion. on 30%, B Ltd charges Service Tax and on the balance 70% it charges VAT.
Is it mandatory for A Ltd to deduct WCT apart from this? If yes, on what amount?
11 January 2016
In my view,
On 100000?-
In my view,
On 100000?-
Message likes :
1 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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- GST ON DAMAGED GOODS
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
