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.
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
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
