We are Work Contractor. Presently we are under going a
infrastructure Project of common wealth Games in Delhi. I
want to know that how much wct will be chargeable on this
project work????
we are generally using material like, aggregate, coarse
sand, bricks, rmc, cement and our labour.
Answer / ankit jain
plz refer to Gannon Dunkerly v. st of Rajasthan SC
Judgement in 1992, wherein there are 8 heads under which u
can calim expendiyture as ur deductionfrom total contract
value. Moreover, it is a state subject, therefore, it
depend on the state law, what is actually allowed.
Example in haryana, It is upto 33% of total value of WC.
You can also opt for composite tax wherein no deductions
are allowed and u simply pay tax at 2% on total
contractvalue
| Is This Answer Correct ? | 1 Yes | 1 No |
If Seller in Delhi deliveres goods above Rs.25,000.00 without form 38 to Haryana,and issues invoice @2% CST without buyer having VAt registration and receives full payment of invoice, whose responsibility is it to pay the difference in taxes wrongly billed by seller?
Dear Sir, i am doing excise part, now I have a dout Please clarify any one. my question is I submitted July month return in before 10th August. But we sold material in july to x party excise value 12% - 1000, 2% - 20 and 1% - 10 Rupees respectively, we paid this amount in the same month it's no problem sir. but now x party reject the material and invoice in september month. may i adjuste above paid amount in september month return? How can i adjuste and where can i metione this details in Excise return? please give answer it's help full for me. Advance thanks for every one reply.
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