work contract tax
This query is : Resolved
12 February 2009
If we have taken patial abatement of 67%on gross value,then we charge service tax 12.36% on 33%of gross value.
my query is that 67% should be come under vat, and what is the rate on this amount
my query is that 67% should be come under vat, and what is the rate on this amount
15 April 2009
Under service tax law, The abatement of 67% is allowed on gross value subject to fulfillment of certain conditions. The VAT is a state law and the rules for calculating will differ state to state, like under Karnataka VAT law, the deduction towards labour and like charges is 30% subject to certain conditions so on the balance 70% VAT is payable. The rate of works contract differ from state to state
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
