Works Contract
This query is : Resolved
L KANAGARAJ
(Querist)
15 December 2009
Dear Experts,
Kindly guide me.
M/s. A Ltd taken a Contract from Government, and gives that contract to M/s. B Ltd (i.e) Sub- Contract.
Value around Rs.40 lakh.
How M/s.B Ltd will raise Invoice? to M/s. A Ltd.
What are all the contents to be involved in the Invoice i.e. VAT/ Service Tax/ TDS.
What is the procedure under TNVAT & Service Tax.Because,this transaction pertains to Tamilnadu Govt.
Thanks
Kindly guide me.
M/s. A Ltd taken a Contract from Government, and gives that contract to M/s. B Ltd (i.e) Sub- Contract.
Value around Rs.40 lakh.
How M/s.B Ltd will raise Invoice? to M/s. A Ltd.
What are all the contents to be involved in the Invoice i.e. VAT/ Service Tax/ TDS.
What is the procedure under TNVAT & Service Tax.Because,this transaction pertains to Tamilnadu Govt.
Thanks
Vishnu Saboo
(Expert)
16 December 2009
you must clarify the query, whether there is material involved or it's purely services ot whatever it is.
where, it is material & service involved VAT in kind of WCT would be charged.
in case of service only the Ser tax would be charged in invoice.
however, TDS would never charged in invoice.
where, it is material & service involved VAT in kind of WCT would be charged.
in case of service only the Ser tax would be charged in invoice.
however, TDS would never charged in invoice.
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