Whether tax is to pai
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2016
I AM CIVIL CONTRACTOR WITH YEARLY TURNOVER OF 1 CRORES I AM CONSTRUCTING ONLY RESIDENTIAL HOUSE OF PRIVATE PERSON I HAVE NOT CARRIED ANY GOVERNMENT TENDER. WHETHER I AM LIABLE FOR VAT ON THE TURNOVER. MY AUDITOR SAYS I AM LIABLE FOR VAT AT 4% AND SERVICE TAX AT 14.5% OIN MY TURNOVER PLEASE GUIDE ME
11 May 2016
1. VAT attracts. Tax rate depends on the state in which work is done.
2. No service tax vide notification 25/2012.
2. No service tax vide notification 25/2012.
13 May 2016
vat as per state govt
for servie tax you are not the govt contractor the you have to pay the ST @14.5% on 40% of value of work.
for servie tax you are not the govt contractor the you have to pay the ST @14.5% on 40% of value of work.
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