banner_ad

Vat & wct

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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?
Profile Image

Meena Rajesh Jalan

Profile Image

Meena Rajesh Jalan (Expert)
11 January 2016
In my view,
On 100000?-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details