What are the present rates of Vat, Tds & Service Tax?
Answer Posted / saheli mitra
VAT RATE DEPENDS ON PRODUCTS
SERVICE TAZ 10.36% AND 12.36% DEPENDS ON MATTER
TDS RATE
FOR CONTRACTOR 1% FOR INDIVIDUAL/FROM FIRM AND FOR COMPANY
2%
TDS ON COMMISSION/RENT 10%
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what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?
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