WCT on Work Contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2010
Dear Sir,
We are making a building through a civil contractor and he is charging Service Tax @4.12% on Material + Services. Please suggest us that how much service tax will be charged by the contractor in his bill.and also suggest us that how much WCT will be deducted by us in both cases:
a) If it is a composite contract
b) If it is a compounded Contract
We are making a building through a civil contractor and he is charging Service Tax @4.12% on Material + Services. Please suggest us that how much service tax will be charged by the contractor in his bill.and also suggest us that how much WCT will be deducted by us in both cases:
a) If it is a composite contract
b) If it is a compounded Contract
29 October 2010
As per the provisions of Service tax, the contractor has raised the bill correctly.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 October 2010
Please provide us the provision of service tax under which he is charging service tax @ 4.12%
29 October 2010
Rule 3(1) of Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007.
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