Menu
Works contract tax doubt
Dear Experts, Can u please tell me the "point of Taxation" of Works contract Tax. For instance, In my company(pvt ltd) we are purchasing materials from one vendor & given to another vendor, he is only doing labour work(service only) for our new building construction work. My doubt is whether i have to deduct Works contract tax in that labour bill or not? or WCT is applicable only if the bill contains materials and labour?
Replies (2)
WCT is levied only in case of combined goods & services. If goods and services are purchased seperately from the market. Then it is not covered under the definition of WCT. in the given case, company is not liable to deduct WCT, but service tax can be levied on labor payment. Since, it is in nature of manpower supply.
For this case, i have to pay service tax(Reverse charge)? If the vendor is non-company. If yes, tell me the rate or percentage. And also tell in which service category i have to pay?
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
