Under DVAT ABC is a "company" which has taken contract from
Delhi state govt department and subcontracted part of work
to XYZ. Where ABC is under composition scheme and XYZ is
under normal scheme. Govt deducts 3% WCT from payment to ABC
towards vat.Whether subcontractor is liable to pay WCT vat
on his turnover though the main contractor has already
discharged tax liability on entire turnover? What is the
mechanism ?
- 1 Answers
- 4002 Views
- ICA, I also Faced
- E-Mail Answers
Answer / g v s subrahmanyam
The relation between the contractor and subcontractor is
principal and agent. If the main contractor has already paid
the tax inrelation to particular work, in which the sub
contractor also discharged the services to the same work.
Hence to be best of my knowledge, the sub contractor need
not pay tax again under works contract act.
| Is This Answer Correct ? | 2 Yes | 1 No |
What is the procedure for Sales Tax Filing? which can come under this head. whn we file it? wat r all the materials to be submitted? For eg: i hav a company named 'A'in chennai. my branch 'b' is in Bangalore. the sales made in bangalore can be (come for sales Tax Filing)filed in chennai? and also the purchase from bangalore can be(Sales tax filing) filied in chennai?
4 Answers ABC, Agon, Marketing Sales, Mindlogicx,
What is "E1 Form" ? what are the types in that? why it is used?
IF the turnover of assessee is below Rs 50 lacs but profit declared is less than 5% of turnover . IS he subject to tax audit?
how to reconccile account payable & account receivable.please provide best solution with example
what is capital account? how to manage it? what is the process?
While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.
what is DATT? and how can assesse get Benefit and what is it section?
When the C-Form should be issued, Whether it is from the date of Invoice OR from the date of material received (Goods Receipt Date)
How do I get a C form with the bank Guarantee?
Can any One Plz Help Me with TDS Charts & Filling? Plz Send Me All Details to My email Id: satish.0483@gmail.com Plz Its Asked to Me In My Interview Held In Coming 2 Or 3 Days
what is f form & please give me some examples when this is used
Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.
Audit 
