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
MOHAMMAD SALIM
(Expert)
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%.......
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- GSTR-9C filing
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- Royalty payments to the Mining Department for procurement of murum - GST input
- Advances to related party
- GST ITC as per notification 12/2023- central tax
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
