Easy Office
LCI Learning

Work contract service

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 October 2011 what is the gross amount for charging service tax in case of WCS?

Example: we submitted a RA bill for RS.100000/-.

party deducted the following..

wct@ 4% 4000
TDS@1.03% 1030
royalty 1000
laboue cess 1000


net amount 92970

in this case what is our service tax liability?




14 October 2011 You have to deposit service tax on Rs. 100000/- bcoz wct, tds, royalty and labour cess deducted by the party are considered as payment received indirectly.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries