Works contractor mvt computation

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2013 sir pls, the mvat works contractor tax
computation sheet send

Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2013 sir pls. mvat works contractor calculation excel sheet thank u,

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

03 August 2025 I can help you create a simple **Works Contract Tax (WCT) calculation sheet** for Maharashtra VAT (MVAT) that you can use in Excel. Here's a basic outline of what it should include:

---

### MVAT Works Contract Tax Calculation Sheet (Sample Structure)

| **Particulars** | **Amount (₹)** | **Remarks** |
| ----------------------------------------------- | -------------- | ------------------------------- |
| 1. Total Contract Value | | Gross value including materials |
| 2. Less: VAT on Materials (if shown separately) | | If VAT is charged separately |
| 3. Net Contract Value | | 1 - 2 |
| 4. Labour & Service portion (e.g., 40% or 70%) | | Based on abatement percentage |
| 5. Taxable Value for WCT | | Usually after abatement |
| 6. WCT Rate (%) | | 2% or 4% as applicable |
| 7. WCT Amount Payable | | 5 x 6 / 100 |

---

### Sample Formulae:

* **Net Contract Value = Total Contract Value - VAT on Materials** (if applicable)
* **Taxable Value for WCT = Net Contract Value × Labour %** (e.g., 40%)
* **WCT Amount = Taxable Value × WCT Rate**

---

### If you want, I can prepare this in Excel format and share the download link. Would you like me to do that?

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Akhila Ajayan

siddhesh satardekar

shreesh acharya

Amit Singh

Pushkar Nagda

Subscribe Now

Works contractor mvt computation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA