Can a Works Contractor claim Work Contract Tax in his bill and collect the same from the awarder of the contract as per Kerala Work Contract Tax Rules?
Menu
Kerala Work Contract Tax
Replies (1)
it depends in nature of contract you have. Whether VAT is inclusive or exclusive in contract. If exclusive the you should claim the same from your customer. If it is inclusive the you will have to back calculate VAT amount from your Revenue portion.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
