TAX INVOICE FOR SERVICE TAX AND VAT, Income Tax

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IN CASE OF CIVIL CONSTRUCTION BOTH SERVICE TAX AND VAT WILL BE CHARGED IN TAX INVOICE. FOR INSTANCE WEST BENGAL WORKS CONTRACTOR RECEIVED ₹ 1000000 AS CONTRACT PRICE FOR REPAIRING ROAD.

NOW WHAT WILL BE THE VAT AND SERVICE TAX AMOUNT TO BE ADDED IN TAX INVOICE TO BE ISSUED BY THE WORKS CONTRACTOR.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

The works contract involves both the supply of materials for the construction purpose and labour services. The bill should contain the details of materials and prices for which VAT is to be levied and for the service portion service tax is to be levied.

[MUKUND THAKKAR]

please follow the system for generating Invoice as explain above by Mr GovindRajan.

[Pradeep Khatri]

Dear SG,

Please refer Section 18 read with Rule 30 the WBVAT Act and Rules made thereunder. Further, for calculation of service tax you may opt for composition scheme.

Regards,

Sameer Malhotra - Consultant

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)