Please tell any one how to calculate works contracts vat tax
Menu
Karnataka VAT
Replies (2)
Works contract Tax is either 6% or 14.5% depending on the nature of Works Contract,
Works contract Tax rates are mentioned in the Schedule to VAT Act.
For supply of materials apply the rate of tax applicable to that goods under K VAT.
For civil portion deduct labour and other incidental expenses incurred to arrive the taxable turnover.
Recent Topic
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
Related Topics
CAclubindia
