Works Contract Tax

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..... we are entered an agreeement for Amc of our Computers (through Residentail Engineers), last month the service provide charged Service Tax @ 10.3% on total bill value, where as this month thet are ch .....

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..... arged 30:70, 30% of bill value there are charging service Tax and again on total value of the bill value they are charges WCT @ 2.8%, can you pls confirm , is there any change in WCT , and from which .....

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..... date, - Reply By Rama Krishana - The Reply = The scheme of 30:70 in not correct. How they identify 70% as cost of material whereas they are paying WCT on the whole amount at the rate of 2.8%. Sinc .....

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..... e your case is of AMC, you may avail the benefit under notification no. 12/2003 (but you have to ensure to prove the cost of material). In case you are sure that your services are falling under the ca .....

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..... tegory of works contract it is better to avail the benefit of composition scheme @4% - Works Contract Tax - Query Started By: - PONNADA B K RAVIKUMAR Dated:- 5-7-2010 Service Tax - Got 1 Reply - Serv .....

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

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