Which Taxes are Applicable for Contract

[Asked by Guest]

We are a Contractors & Fabricators of Aluminium & Steel - Windows/ Doors/ Partitions/ Ceiling/ Structural Glazing/ Cladding work etc. We Purchase a Material (i.e.: Aluminium/ Glass/ 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. So while preparing an Invoice Which Taxes are Applicable & How many Percentges. VAT/ CST/ ST/ WC VAT --- ? From Our Clients, 1 Client is a Building Contrctor and they do a various projects for their clients. As they told as follows: on 67% of Total Bill Value - M VAT @ 12.5% on 33% of Total Bill Value - ST @ 12.36% will be applicable. on 67% of Total Bill Value - M VAT @ 12.5% And on 33% of Total Bill Value - ST @ 12.36% will be applicable. Can w emake a bill as above or it is not perfect. Thank you,

AI Summary

Works contract valuation governs tax treatment: allocate deductions to determine taxable value of goods and service elements.
The value of goods transferred in a works contract is calculated by deducting from the total contract price amounts attributable to labour and services, subcontract payments, design and related charges, machinery hire, non-transferred consumables, establishment and similar expenses, and contractor profit relatable to labour and services; where accounts are inadequate, prescribed lump-sum percentage deductions by contract type may be applied, and the resulting value is the sale/purchase price of the goods for tax purposes.