Work contract service
This query is : Resolved
Querist : Anonymous
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?
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Long Term Service award taxability in hands of company
- Free lancer income
- Last year TDS Claim
- Specified Profession
- STCG FOR GOLD ETFs
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- 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
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
