1)What is the difference between Works contract tax ad service tax in Maharshtra?
2)What is the percentage to be deducted as WCT and how much to be deducted as Service Tax in a contract involving supply of materials and labour contract?
3)Is it true that the materials supplied by contractor to be levied under WCT and the service part of the contrat to be levied under Service tax?
4)What is the value to be considered for TDS in a works contract full or part?
please send me a wct calculation format ? & give me some detail format of all taxes? i.e. service tax ,vat tds, income tax details due date ,returns date, form no of challan etc.
Commercial construction , residential complex or erection, installation involvig materials and labor is taxable under Wroks contract under service tax. 4.12 % of the gross conatrct amount if composition is opted, otherwise 10.3% of servce element. Same work is taxable under VAT as well. Rates to be checked with MVAT act and schedules.
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