Wct rate structure

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accountant
24 Points Joined September 2012

I do airconditiong job [supply & installation with material]

what new wct rate i should impose to my client  for installation with material?

My current way of billing is MVAT 8% on 100% value & Service Tax 12.36% on 33% value.

Is it correct or do i need to change, pls guide ?

 

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On 01 September 2012 at 13:59 Report
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Chartered Accountant
2083 Points Joined February 2011

If you can separate value of goods and value of service, service tax @ 12.36% on value of such service. If such separation is not possible and the charge is composite, then 40% of the total amount charged is the value of  serice.

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On 01 September 2012 at 15:51


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