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.
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
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Automatic MIS from Tally ERP
- Value of Perquisite Tax Borne by Employer
- Filling ITR for FY 2024-25
- Query related to CA/CS/CMA Firm
- Schedule Dpm under 44ada no account casr
- Taxability and TDS treatment on Crypto futures
- GST applicability on Shipping charges
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
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
