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Taxes pertianing to ra bills of construction contractors

1960 views 1 replies

I am a Construction Manager!

Can you please tell me the prevailing rates for different construction activities for construction works i.e.

Taxes applicable for RA Bills

Taxes applicable for deduction from petty contractors

Taxes to be charged from different bodies from contractors

WCT, TDS, IT, LWT etc.

Thanks,

Arvind

Replies (1)

Dear Sir,

           I am waorking in Navayuga Engineering Company Limited at NTPC Prpject Barh, Bihar.

NTPC Deducted Following Taxes from our Certified RA Bills,,,,,,

WCT - @ 4%

TDS - @ 2%

Building Cess - @ 1%

Above Deduction is Applicable from Each RA Bills But if You have Taken any Moblisation Advance then a certain percent of amount deducted as well as interest @ 13% Deducted from Our RA Bills.

now its depend on LOA (Letter of Award) that Service tax will be Deducted from RA Bills or Not....


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