Which Taxes are Applicable for Contracts

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..... Which Taxes are Applicable for Contracts
Query (Issue) Started By: - Jatin Mistry Dated:- 12-4-2012 Last Reply Date:- 26-4-2012 Other Topics
Got 2 Replies
Indian Laws
Which Taxes are Applicable for Contracts: We are a Contractors & Fabricators of Aluminium & Steel - Windows/ Doors/ Partitions/ Ceiling/ Structural Glazing/ Cladding work etc. We Purchase a Material (i.e.: Aluminium/ G .....

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..... lass/ 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) 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: (d .....

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..... one 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) OVERHEADS: (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/ C .....

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..... ST/ 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 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. .....

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..... Thank you, Reply By Suresh Kumar Agareal: The Reply: M.VAT @ 12.5% and ST @ 12.36 zae applicable S.K.Agarwal Reply By Jatin Mistry: The Reply: Sir, thank you for your valuable suggetion, kindly gude us that, on how much value which tax is charge..? on 67% of total Bill Value- M VAT @ 12.5% And on 33% of total Bill Value - ST @ 12.36%. OR Any other.... Thank you,
Discussion Forum - K .....

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..... nowledge Sharing .....

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