Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Works contract tax/works contract service

Save Share

This query is : Resolved

Harsha.H (Querist)
Follow

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% ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

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

CA NIKHIL OZA

CA NIKHIL OZA (Expert)
Follow

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..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now