Please tell me whether a real estate agent dealing in construction contracts also would have to get himself registered under both service tax & delhi vat also ? and he would be bifurcating the invoice into service & material components to charge both of them respectively...! correct me if i am wrong because i doubt i am wrong
Menu
Regarding Construction Contracts
Replies (1)
HI Ayush
contruction contracts where material and labour supply both are provided and combined invoice is made without bifurcating material and supply then WCT @ 4% is charged on the gross amount.
Also no input credit is provided on the tax paid on purchases.
it is the liability of contractee to deduct wct on gross amount charged and pay to the department.
In Delhi i think WCT rate is 2 % for registered dealers
You should register under Delhi sales tax dept.
Recent Threads
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
Related Threads
CAclubindia
