Which Taxes are Applicable for Contracts

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..... Which Taxes are Applicable for Contracts: We are a Contractors Fabricators of Aluminium Steel - Windows/ Doors/ Partitions/ Ceiling/ Structural Glazing/ Cladding work etc. We Purchase a Material (i.e.: Aluminium/ Glass/ Plywood/ Hardware/ ACP, etc.) from market Also taking a service of Powder Coating / Anodizing on Aluminium or Steel from outside service providers then we .....

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..... fabricates all of above also do a installation (fixing) on site. Our work Criterial includes are as follows: MATERIAL: Material (eg.: Aluminium, Steel, Glass, Ply, ACP Panel, Hardware, etc.) POWDER COATING OR ANODIZING PROCESS: (done from outside processors) LABOUR: (To be paid to Labours for making installation on site) TRANSPORTATION CHARGES: (Paid to Tempo/ Truck/ Taxi/ T .....

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..... ransporter for delivering of material on site) OVERHEADS: (Rent paid for accomodation nr. site, Travelling Charges for Labours, Management, etc.) PROFIT: So while preparing an Tax Invoice Which Taxes are Applicable How many Percentges. VAT/ CST/ ST/ WC VAT --- ? From Our Clients, 1 Client is a Building Contractor and they do a various projects for their clients. Rec .....

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..... ently we have received a Work order from them and they told us to charge a taxes as follows: on 67% of Total Bill Value - M VAT @ 12.5% on 33% of Total Bill Value - ST @ 12.36% will be applicable. Is it perfect or not acceptable .. ? Pls Suggest specially in our case. Thank you, - Reply By Suresh Kumar Agareal - The Reply = M.VAT @ 12.5% and ST @ 12.36 zae applicabl .....

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..... e S.K.Agarwal - Reply By Jatin Mistry - The Reply = Sir, thank you for your valuable suggetion, kindly gude us that, on how much value which tax is charge..? on 67% of total Bill Value- M VAT @ 12.5% And on 33% of total Bill Value - ST @ 12.36%. OR Any other.... Thank you, - Which Taxes are Applicable for .....

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..... Contracts - Query Started By: - Jatin Mistry Dated:- 12-4-2012 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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