Dear,
In case of civil work whether WCT can be charged on whole amount of Bill i.e mat plus labour ?If contractor does not segregate the amount between labour and material part in his bill then how the WCT will be charged and at what rate it will be charged in Odisha?
if there is no segregation in the bill and there is no way to find out the value of services and value of goods separately then following % will be for taxability of services-
1- in case of original work= 40%
2- in case of repairs etc(goods)=60%
3- others (including plastering, glazing etc.)=70%
please tell me hpw to calculate vat in wct compossit and non compossion methods
K R Kiran Kumar & Associates
Bengaluru
CA Inter
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Rohit KC Jain & Co
New Delhi
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
Pro
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