works contract in haryana
This query is : Resolved
tripta kapoor
(Querist)
13 December 2009
if i am regular dealer total works contract is 1 Lac. than how my tax laibilities is calculated
Vishnu Saboo
(Expert)
14 December 2009
WCT calculation is based on material consumed.
means u must eliminate the service part from contract value and find out the material passed on value.
then calculate the tax amount on each item as per prevelling rate in state.
means u must eliminate the service part from contract value and find out the material passed on value.
then calculate the tax amount on each item as per prevelling rate in state.
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