Calculation in WCT

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..... under works contract tax in service tax how the service tax to be charged is this right Contract value Rs. 100 Less VAlue of property transferred Rs. 40 Less VAT Rs. 5 Net value for WCT ST Rs 55 Servi .....

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..... ce tax @10 % on Rs. 55 ie Rs. 5.5 pls confirm - Reply By Madhukar N Hiregange - The Reply = AS I understand the contract value is all inclusive Rs100. Deduction for materials Rs. 40 + 5 for VAT is a .....

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..... dmissible under Not.12/2003 as well as under the WC Valuation. If so 55 includes ST of 10.3 %. Therefore divide 55 by 110.30 and multiply by 10.3% for the result. Another option is to opt for compos .....

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..... ition and pay 4.12% In both the options the credit on capital goods used for provding the service and the input services credit wouldbe available. - Reply By madhavvan - The Reply = what about servic .....

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..... e tax credit on inputs is its available under both options - Calculation in WCT - Query Started By: - madhavvan Dated:- 18-4-2009 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowl .....

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..... edge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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