if i (a pvt. co.in Maharashtra) issued a work order to a contractor for a project involving both labour+materialcosts & no identification of material & service portion is available . Then,
1. As far as I know, i have to 5% Vat (if building contract otherwise 8%) on basic amount, 4.12% S.Tax on same basic amount. Is the contractor is charging right tax amount from me?
2. If Yes, then what credit of VAT paid & Service Tax paid can be availed by me?
3. While payment what amount I have to deduct as TDS / Work Contract Tax? Tell me legal supportings also for your opinion.
can u suggest me what tax i have to deduct T.D.S or W.C.T what & what %
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