we are registered dealer of VAT(sale tax) for different
states regarding consutruction of chimney and roc, we also
purchase material inter-state under cst . so, please
someone help regarding VAT+VAT TDS+CST+WCT+Service tax both
under composition scheme and non-composition and any
related site or recommened books which one solve queies.
Thank u
- 1 Answers
- 3901 Views
- I also Faced
- E-Mail Answers
Answer Posted / g v s subrahmanyam
You are a registered dealer in different states, there are
two types of registration for construction services under
works contract act.
i. non-composite
2. composite schemes
under noncomposite scheme we can purchase interstate by
issueing c forms
under composit scheme we cannot issue c forms and uner this
scheme no input vat will be allowed. for consideration of
the input vat to be paid on total construction value by 1%
or 25% value by 4%, rest of the 75% will be allowed as
deduction for construction of residential complexes
if in other cases the caliculation will be like this
1. we have to take the total value
2. on the above value tds to be deducted under Works
contract Act depends on the state rates.
2. TDS under income tax is also to be caliculated on the
total value of the works i.e on total value only
3.for service tax caliculation the value on which tds on vat
is valiculated to be caliculated i.e total value x tds =
total value on which serice tax @ 10.3% to be added and on
which 2% under income tax to be deducted
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
What is the date of depositing entry tax and submission of return?
can i adusted our vat credit in W.C.T. payable?
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?
How do you plan to achieve these goals?
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
kindly advise me any set off in excise duty in maharashtra
Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.
Define previous year.
1. What is a bad credit score? 2. What does my credit score mean? 3. Can I check my Vantage credit score range online? 4. Should I have perfect credit score, that is, above 800 credit score? 5. With a 600 credit score, how to improve my credit rating score? 6. How to raise my credit score if I have 500 credit score? 7. How to increase your credit rating score quickly? 8. How can I find out my credit rating score for free? 9. Home Equity Loans ? 10. Calculate Mortgage? 11. Mortgage Payment? 12. Mortgage Payment Problems? 13. Other Mortgage Questions? 14. What is Home Loan Modification? 15. What is the entry for deprecation? 16. What is Merger? What is Acquisition? What are motive behind mergers And acquisitions? 17. What is Demat Account? what is the use of it? 18. What is EPS? 19. What is the difference between Risk, Threat & Hazard? 20. what is minority interest? 21. what is portfolio Saint? 22. What is the Difference between hire purchase and a finance Lease? 23. What is Demat Account? what is the use of it? 24. Up to what time we can show TDS Receivables under Advance Income Tax A/c? 25. WHAT IS PROSPECTUS? 26. WHO ARE THE PROMOTERS? 27. WHAT IS DERIVATIVE? 28. WHAT IS A SHARE? 29. WHAT IS PORTFOLIO MANAGEMENT? 30. What is Accounting? 31. Re: what is the entry for rent paid to company, provision for taxes in your books? BY RENT PAID A/C DR. TO TDS ON RENT A/C CR TO CASH/BANK A/C CR 1. What is dishonor check? 2. New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) ? 3. I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.? 4. Expand---------SDRT? 5. What is difference between profit, revenue? 6. why balance sheet should tally? 7. What is BRS? What is the use of BRS? 8. Please let me know the journal entry for the below. "A" paid Rs.100 to "C" on behalf of "B"? 9. what is purchase consideration? 10. expand P P Division ? 11. Stale Cheque entry in the books & when it reissued again then Entry in the books.? 12. what is cost accounting ? 13. what is mean by credit purchase? 14. WHAT IS THE MEANING OF BLUE CHIP COMPANY? 15. what is buy back of share & why a company go for it? 16. What is the types of accounts & it's rules ? 17. what is reconciliation ? 18. EXPAND______________RTA? 19. what is depreciation? 20. EXPAND______________IDBI? 21. what is difference between nominal and real account ? 22. what is the concept of finance accounting?
Hello Sir, Please send the knowing calculation of attrition rate?
What is the SEZ formalties in cement Industry?
how we creat e-vat return in tally for punjab
is there any specific percentage related to lower tax deduction under tds
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
