Can any one clearly difine what is Works Contract with
suitable exemple
Answer Posted / vijaykant
Example A-Company requires a building in their company,
then A will give Works Contract to Contractor-B
Contractor-B then build Building in A-company
by providing material, labour & Expenses, this is works
Contract.In his Invoice Contractor-B will charge Works
Contract Value, 5% VAT & 4.12% or 10.36% Service Tax on
Contract Value(Note:- 4.12% Service tax is Under
composition scheme and 10.36% Service will be on 36% of
contract value)
Mainly works are done at the purchasers site
Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?
how many form used in sales tax return from begining to ending?
can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
what is the difference between vat return and return for remittance on value added tax.
what to in pro
Define the term person?
Define FBT with example & how it can be calculate ?
we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
In advance c form dvat why not showing the amount in form verification
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT