https://www.taxtmi.com/forum/issue?id=111002 Whether Work Contract Tax is payable on the basic contract value alone or on the basic value plus service tax: the purchaser received a composite invoice (goods and services) where the contractor charged service tax on the basic value and computed WCT on the basic value plus service tax. The forum advised configuring ERP tax codes for correct accounting and stated that WCT is levied on basic value plus service tax; an allocation question between service tax and VAT for works contracts was raised but left unresolved. en-us Wed, 05 Oct 2016 15:09:08 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111002 Whether Work Contract Tax is payable on the basic contract value alone or on the basic value plus service tax: the purchaser received a composite invoice (goods and services) where the contractor charged service tax on the basic value and computed WCT on the basic value plus service tax. The forum advised configuring ERP tax codes for correct accounting and stated that WCT is levied on basic value plus service tax; an allocation question between service tax and VAT for works contracts was raised but left unresolved. Discussion-Forum Service Tax Wed, 05 Oct 2016 15:09:08 +0530 https://www.taxtmi.com/forum/issue?id=111002