W.C.T. Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2010
Dear Sir,
Pl. suggest on following.
We have purchased some licence server, Webmail user, messaging users.
The party has charged Labour charges seperataly but they had charged Service tax on total amount including service tax. Party has charged 4% vat on 86% on the bill amount including service tax.
for eg.
Enterprise server 1000
webmail user support 1000
messaging user 1000
labour chgs. 500
------------------------------------
Total 3500
Service tax @10.3% 361
Vat @4% 133
(which is 86% on 3861)
Now tell me, weather the transaction is liable for WCT. Why party charged service tax?
Pl. advice on the same.
Pl. suggest on following.
We have purchased some licence server, Webmail user, messaging users.
The party has charged Labour charges seperataly but they had charged Service tax on total amount including service tax. Party has charged 4% vat on 86% on the bill amount including service tax.
for eg.
Enterprise server 1000
webmail user support 1000
messaging user 1000
labour chgs. 500
------------------------------------
Total 3500
Service tax @10.3% 361
Vat @4% 133
(which is 86% on 3861)
Now tell me, weather the transaction is liable for WCT. Why party charged service tax?
Pl. advice on the same.
CMA Ramesh Krishnan
(Expert)
31 August 2010
It is not WCT, vendor is charged VAT on (1000+1000+1000+ (65% of Rs.500)
He is claiming abtatement under VAT on labour charges so 500x65%= 325 x4% =13 +(3000x4%)= total Rs.133
He is claiming abtatement under VAT on labour charges so 500x65%= 325 x4% =13 +(3000x4%)= total Rs.133
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