Work contract
This query is : Resolved
07 February 2016
contract value 500000/-
inclusive of all taxes
wct rate 5%
which is required to deduct
service tax - Contractors adopted composition scheme
work is related to original work
please tell me amount sevice
tax which is deducted under RCM
My Query is related to deductions of WCT is available under valuation of taxable value of service
07 February 2016
If you are proprietorship firm then no need to pay service tax under RCM.
07 February 2016
Deduction of WCT is available. Please see explanation (a) to rule 2A (i) of Service tax (Determination of Value) Rules,2006.
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