Mvat & service tax invoice under works contract tax

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Practitioner CA
34 Points Posted on 31 January 2013

Dear All,

How we can prepare invoices against Works Contract Tax :-

1) Suppose Labour Plus materials cost is ....................................20000

2) What rate will be Service Tax .......................................................?

3) What rate will be MVAT ...................................................................?

Thanks

Nikumbh

 

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On 31 January 2013 at 17:54 Report
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Chartered Accountant
2575 Points Posted on 31 January 2013
In case of works contract,rate of service tax it will depend upon the nature of works contract... In the following cases, the following amount of % of gross amount charged(i.e.200000 in ur case) is taxable---- -- original works-- 40 % --repair/ maintenance of goods-- 70% -- other cases-- 60%
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On 31 January 2013 at 21:17

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