Vat applicable on works contract


Vikas (Accountant)     22 March 2015

Vikas
Accountant 
 42 points

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Dear Sir,

Have some doubts which need to be clarify.....what is the WBVAT rate applicable for Civil Contractor for road constructions.

If composition scheme is applied than :

a) is there any limit for contractual transfer price 

b) is it necessary to maintain books of accounts.

 

avater

sesha (accounts executive)     22 March 2015

sesha
accounts executive 
 71 likes  1096 points

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3% if it u registered dealer otherwise 5% in wct under west bengal vat uwant maintain books of accounts and u want issue form 18 in wct certificate

avater

shivam gour (Student)     23 March 2015

shivam gour
Student 
 28 points

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under road construction contract there is applicability of both VAT and Service tax VAT is levied on goods involved in execution of contract and service tax levied on value of services


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