Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 4987 Views
- ICA, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
what is rules of taxation
what are accounting principles
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
procedure to get Raw Material free of excise duty under Central Excise Act,
what is form 8? what are all the details to be collected while buying c form
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....
what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this
what difference in motvat & cenvat? and why this prepared?
What is the procedure to take modvat and its form number
HOW TO FILL UP WEST BENGAL VAT FORM 14. NOT TECHNICALLY I AM AWARE ABOUT THEIR MANUAL. BUT I WANT TO KNOW POINT BY POINT.
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
what diff. between Account ,Commerce and Finance?
