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VAT works contract tax and servicetax WCT

RAJ KUMAR RAJKUMAR

Sir,

 

in our factory one of the contractor is constructing the canteen building Building. Factory located in Andhra paradesh. Contract includes Matl+labour.so it will get effected by APVAT wct+Service tax wct.

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.

 

 

Tax Clarification: 4.8% Service Tax on Total Contract, 5% APVAT on 70% of Bill under Notification No. 15/2012 A contractor constructing a canteen building in Andhra Pradesh is dealing with tax implications under APVAT and Service Tax. The initial query addressed the correct application of these taxes, suggesting a 5% APVAT on 70% of the bill and a 12.36% Service Tax on 30%. However, it was clarified that Service Tax should be 4.8% on the total contract value. Further discussions included how these taxes apply in Maharashtra and under the reverse charge mechanism per Notification No. 15/2012. Additionally, the applicability of VAT and TDS under WCT was addressed. (AI Summary)
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