Service Tax & WCT on invoice

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..... Dear Sir, I have received an invoice supply (Steel Plate MS) services. Contractor has calculating service tax on basic value WCT 5% on Basic + Taxable value. I am confuse how can consider and passing the bill. Please explain. Thanks Regards, Sanjay Vasava - Reply By Sanjay Vasava - The Reply = Dear Sir, Bill amount ₹ 8415281.00 Service tax 15% ₹ 504918.00 WCT 5@(70%Value .....

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..... Of Rupees. 8,920,197.86) Invoice Total Amount ₹ 9,232,406 Contractor has calculated 5% WCT on Basic Value + Service Tax. (In this matter i am confused) How can calculating WCT 5% on 70% Value. Please explain. Thanks Regards, Sanjay Vasava - Reply By Sanjay Vasava - The Reply = Dear Sir, This is in gujarat state. Please explain. Sanjay Vasava - Reply By Ganeshan Kaly .....

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..... ani - The Reply = Your SAP team / IT team shall help you out in configuring the accouting system which will then help to pass the entry. - Reply By Ganeshan Kalyani - The Reply = The tax codes are created by IT team which you can select while booking. The tax code will ensure accouting of correct tax. - Reply By Sanjay Vasava - The Reply = Dear Sir, My query is Work contract tax calculating .....

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..... on Basic + Service Tax amount. WCT laviable on both amount or only basic. Please advice. Sanjay Vasava - Reply By Ganeshan Kalyani - The Reply = It will be on basic + service tax. - Reply By Sanjay Vasava - The Reply = Dear Sir, If we received supply + Services bill, how can calculate service tax vat ?? I suggested to party in original work service tax levied on 40% value Vat levied on .....

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..... 60%. Is it ok or not. Please advice. Thanks Regards, Sanjay Vasava - Service Tax & WCT on invoice - Query Started By: - Sanjay Vasava Dated:- 5-10-2016 Service Tax - Got 7 Replies - Service 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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