Works contract tax/works contract service
This query is : Resolved
03 September 2012
Dear Experts,
there's lot of confusion between works contract tax and works contract service.
kindly explain where is works contract tax is applicable and where is works contract service is applicable?
where 4.8% v/s 12.36% ?
there's lot of confusion between works contract tax and works contract service.
kindly explain where is works contract tax is applicable and where is works contract service is applicable?
where 4.8% v/s 12.36% ?
03 September 2012
Work contract tax is the normal VAT(sales tax) and Work contract service is the tax levied under Service tax.
In case a contract having both material & labour. subject to some condition material part will attract WCT and labour part will attracr Work contract service tax
In case a contract having both material & labour. subject to some condition material part will attract WCT and labour part will attracr Work contract service tax
04 September 2012
service in which supply of material is also included on which VAT is also Applicable with service tax on service portion included in it..its the case of WCT, as such s.tax @ 4.8% would b Applicable..
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