Urgent pls.

806 views 7 replies

Dear experts, How to calculation work contract for TN VAT, TDS, SERVICE TAX    BELOW DETAILS 

(contract work for Quarry stone cutting only)

BILL AMOUNT : RS. 8,54,827.00       Including  expenses Machinery , Transport & labour contract worker

 

KINDLY URGENT

Advance Thanks

 

Replies (7)

sir, i believe rates change depending on what contract is undertaken. 2% in some cases and 4% in some.

sir, i believe rates change depending on what contract is undertaken. 2% in some cases and 4% in some.

Dears For VAT---(2/4 % see if sales tax registration certificate is produced by contractor-2% otherwise 4% Service Tax-- Calculate the amount of service provided separately (like Machine service, or labour)and then 10.36% TDS-1/2%(Consider Individual or company..more details refer 194C)

and i want to ask ...what kind of stone u r cutting..so i csn provide more details...information...thnkx.

Stone cutting for (Hill Stone Quarry) 

Individual contractor

for an individual contractor, isnt it 1% TDS??? and service tax i believe is 12.36% and not 10.36%

for individual contractor tds is 1 % and service tax is 12.36 %

Yes Rashmi is correct....Please quote ur service no ....so it can be find that the rate applicable to you. 


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