WCT & WORKS CONTRACT
This query is : Resolved
03 August 2010
I WANT TO KNOW THAT WHETHER WCT IS LIABLE ON JOB WORKS CONTRACT WHICH INCLUDED ONLY SERVICE PART & THE FIRM OPTED FOR LUMPSUM SHCEME IN VAT?
03 August 2010
Works Contract Tax applies when contract includes supply of matterial and installation/errection/commisioning etc specialised services provided by the vendor contractor.
In case the job work contract pertains only to services provision, then no VAT is payable. However, service tax at full rate of 10.3% is payable by a service tax registered dealer.
In case the job work contract pertains only to services provision, then no VAT is payable. However, service tax at full rate of 10.3% is payable by a service tax registered dealer.
Message likes :
1 times
03 August 2010
Job works contract having only service part applies Service tax only, not VAT
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
