Works contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
sir,
I am working as a civil contractor under one central corporation ltd, we coated the tender on 2011, but after july 2012, govt order is 50 % is contractor and 50% is principle employer, but after july 2012 the principle employer deduct 50% from my payment, and balance to be pay myself, because they floating the tender itself it mentioned inclusive of all taxes.(2011)
so kindly confirm who will pay to tax, and how much percentage to pay
I am working as a civil contractor under one central corporation ltd, we coated the tender on 2011, but after july 2012, govt order is 50 % is contractor and 50% is principle employer, but after july 2012 the principle employer deduct 50% from my payment, and balance to be pay myself, because they floating the tender itself it mentioned inclusive of all taxes.(2011)
so kindly confirm who will pay to tax, and how much percentage to pay
08 July 2013
In case the rates qouted were inclusive of service tax then the ST to be paid by SR earlier included in qouted rate will be deducted by service recipeint (SR) .... However also see which slab it would be covered 40% or 60%.......
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