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TMI BlogVAT works contract tax and servicetax WCTX X X X Extracts X X X X X X X X Extracts X X X X ..... VAT works contract tax and servicetax WCT X X X X Extracts X X X X X X X X Extracts X X X X ..... t. in what way the bill should be. suppose bill amount is 100 APVAT wct 5% on 70% of the bill 3.5 Service tax WCT 12.36% on 30% 3.70 is it correct. Reply By Pradeep Khatri: The Reply: The Contractor is Charging APVAT @ 5% on the 70% correctly but Service Tax will be charged @ 4.8% on the total contract value. Please get the bill corrected from the Contractor. Reply By narendra soni: The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply: Sir, what % of vat/wct on what % of bil value wiil be chargeable, if the above canteen run in Maharashtra.Service tax will be same as 12.36% on 40% bill value Reply By R K Rajwanshi: The Reply: Accordingly to union Budget 2012 if Notification No. 15/2012 related to reverse charge mechanism is applicable then 50% service tax to be charge by the contractor and 50% service tax to be deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by your good self, go to the Notification No. 15/2012 Reply By narendra soni: The Reply: my query was for Vat ,not for service tax, please suggest for vat only. Reply By sanjeev bajaj: The Reply: Here, I would like to know, when the cost of material and labour is ascertainable, then on what amount the VAT and Service Tax will be chargeable. Reply By R K Rajwanshi: The Reply: if question is o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nly for VAT then Ok, service tax and TDS under WCT will also applicable on above transaction. X X X X Extracts X X X X X X X X Extracts X X X X
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