Which Taxes are Applicable for Contracts pls suggest

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..... We are a Contractors Fabricators of Aluminium Steel - Windows/ Doors/ Partitions/ Ceiling/ Structural Glazing/ Cladding work etc. We Purchase a Material (i.e.: Aluminium/ Glass/ Plywood/ Hardware/ ACP, etc.) from market Also taking a service of Powder Coating / Anodizing on Aluminium or Steel from outside service providers then we fabricates all of above also do a installation (fixing) .....

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..... on site. Our work Criterial includes are as follows: MATERIAL: Material (eg.: Aluminium, Steel, Glass, Ply, ACP Panel, Hardware, etc.) POWDER COATING OR ANODIZING PROCESS: (done from outside processors) LABOUR: (To be paid to Labours for making installation on site) TRANSPORTATION CHARGES: (Paid to Tempo/ Truck/ Taxi/ Transporter for delivering of material on site) OVERHEAD .....

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..... S: (Rent paid for accomodation nr. site, Travelling Charges for Labours, Management, etc.) PROFIT: So while preparing an Tax Invoice Which Taxes are Applicable How many Percentges. VAT/ CST/ ST/ WC VAT --- ? From Our Clients, 1 Client is a Building Contractor and they do a various projects for their clients. Recently we have received a Work order from them and they told us .....

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..... to charge a taxes as follows: on 67% of Total Bill Value - M VAT @ 12.5% on 33% of Total Bill Value - ST @ 12.36% will be applicable. Is it perfect or not acceptable .. ? Pls Suggest specially in our case. Thank you, - Reply By Rahul Sharma - The Reply = Jatin, your work comes under WCT( Work Contract Tax) you have to see your slabs as per my informa .....

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..... tion it is 70% that means State Vat on 70% STCC@ 12.36% on 33%. Both invoices are separate as taxes are of State Center. Rahul - Which Taxes are Applicable for Contracts pls suggest - Query Started By: - Jatin Mistry Dated:- 18-4-2012 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagem .....

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..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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