VAT works contract tax and servicetax WCT

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..... Sir, in our factory one of the contractor is constructing the canteen building Building. Factory located in Andhra paradesh. Contract includes Matl+labour.so it will get effected by APVAT wct+Service tax wct. in what way the bill should be. suppose bill amount is 100 APVAT wct 5% on 70% of the bill 3.5 Service tax WCT 12.36 .....

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..... % on 30% 3.70 is it correct. - Reply By Pradeep Khatri - The Reply = The Contractor is Charging APVAT @ 5% on the 70% correctly but Service Tax will be charged @ 4.8% on the total contract value. Please get the bill corrected from the Contractor. - Reply By narendra soni - The Reply = Sir, what % of vat/wct on what % of bil value wiil be chargeable, if the a .....

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..... bove canteen run in Maharashtra.Service tax will be same as 12.36% on 40% bill value - Reply By R K Rajwanshi - The Reply = Accordingly to union Budget 2012 if Notification No. 15/2012 related to reverse charge mechanism is applicable then 50% service tax to be charge by the contractor and 50% service tax to be deposit by your good self, go to the Notification No. 15/2012 - Reply By nar .....

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..... endra soni - The Reply = my query was for Vat ,not for service tax, please suggest for vat only. - Reply By sanjeev bajaj - The Reply = Here, I would like to know, when the cost of material and labour is ascertainable, then on what amount the VAT and Service Tax will be chargeable. - Reply By R K Rajwanshi - The Reply = if question is only for VAT then Ok, service tax and TDS under WCT wi .....

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..... ll also applicable on above transaction. - VAT works contract tax and servicetax WCT - Query Started By: - SAI SURENDRA SAI SURENDRA Dated:- 13-7-2012 Service Tax - Got 6 Replies - Service Tax - 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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