WORK CONTRACT
This query is : Resolved
04 May 2009
REQUIREMENT FOR REGISTRATION IN WORKS CONTRACT, RATE OF TDS/WCT/SERVICE TAX ETC.
IF ANY CHANGE FOR WORK CONTRACT FOR ROAD CONSTRUCTION WITH MATERIAL.
IF ANY CHANGE FOR WORK CONTRACT FOR ROAD CONSTRUCTION WITH MATERIAL.
05 May 2009
Registration under Punjab VAT Act is required if Works Contract to be done include material as VAT has to be paid on material value included in Works Contract. TDS to be deducted by payor @ 2.27% or 2.06% as applicable. Service Tax to be paid @ 10.36% for service provided from 24.2.09 only on service portion and not on material portion included in value.
In case of Road Construction, service tax is exempt. However VAT is applicale on the same if includes material.
In case of Road Construction, service tax is exempt. However VAT is applicale on the same if includes material.
05 May 2009
The service tax rate may be read as 10.30% instead of 10.36% as given above by Ms.Neha.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
