Wct

This query is : Resolved 

12 July 2013 Can explain basic about WCT and Reverse Charging

01 August 2013 DEAR SIR,

IT DEPENDS ON THE VAT ACT FOR CALCULATING THE SERVICE PORTION (LABOUR INVOLVED) AND HENCE KINDLY SEE UNDER WHAT SECTION YOU ARE PAYING VAT TO YOUR LOCAL TAX AUTHORITY AND BALANCE IS ATTRACTING SERVICE TAX.

ALSO SEE THE VALUATION RULE 2A OF 2012


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