TMI BlogWorks Contract caseX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, Kindly clarify my below point : a) Works contract under composition scheme : we are undertaking contract under WCT composition scheme. Where as in my supply, excisable material also involved. Now i wish to raise Excise invoice for the excisable material based on the cost +10% basis to avoid excise litigation and for the total value of bill with WCT and for service tax 40% value o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the woks contract under 60% 40% basis since ours is Original works. Please let me know this process is OK, if not, kindly suggest to meet all tax complications like WCT, SERVICE TAX CENTRAL EXCISE. Thanking you in Advance. Srinivas - Reply By YAGAY AND SUN - The Reply = You cannot charge both Central Excise Duty and Service Tax on the same transaction. - Reply By MARIAPPAN GOVINDARAJAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The Reply = I endorse the views of Yagay - Reply By KASTURI SETHI - The Reply = Sh.Srivatsan Krishnamachari Ji, I support the views of M/s. Yagay SUN and Sh.Mariappan Govindarajan, Sir. - Reply By Ganeshan Kalyani - The Reply = You are providing works contract service which is a service and Service tax is applicable. Excise duty will not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be applicable. - Reply By Mukund Thakkar - The Reply = Dear Srivatsan Krishnamachari, it is seems your company is manufacturer and service provider both. when you cleared goods you have to pay the excise duty. and after the sales if you provide the service under WCT, you have to pay the service tax. WCT is applicable as per your state VAT rules and pay Separately. - Reply By KASTUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I SETHI - The Reply = I further support the views of Sh.Mukund Thakkar, Sir. As per profile, the unit is engaged in the manufacture of excisable goods and is an SSI unit. If the unit has crossed threshold exemption limit of ₹ 1.50 crore, they will pay Central Excise duty. Regarding VAT Service Tax position has already been cleared by the experts. - Works Contract case - Query Started B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - Srivatsan Krishnamachari Dated:- 21-1-2017 Value Added Tax - VAT-CST - Got 6 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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