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TMI BlogWhich Taxes are Applicable for Contracts pls suggestX X X X Extracts X X X X X X X X Extracts X X X X ..... Which Taxes are Applicable for Contracts pls suggest X X X X Extracts X X X X X X X X Extracts X X X X ..... ) 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: (done from outside processors) LABO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... UR: (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/ CST/ ST/ WC VAT --- ? From Our Cli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents, 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. Thank you, Reply By Rahul Sharma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :
The Reply:
Jatin, your work comes under WCT( Work Contract Tax) you have to see your slabs as per my information 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 X X X X Extracts X X X X X X X X Extracts X X X X
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