Value consideration at trhe time of wct

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....alue consideration at trhe time of wct<br> Query (Issue) Started By: - Pravin Thakur Dated:- 6-3-2007 Last Reply Date:- 11-3-2007 Service Tax<br>Got 3 Replies<br>Service Tax<br>If the work order value....

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.... of any party is more than 1 crore rupees than we deduct 2% as Work contract tax. now my question is that while deducting 2% WCT which value we have to consider (basic order value) or (basic vlaue + s....

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....ervice tax + vat). Reply By Madhukar N Hiregange: The Reply: The value of service tax should not be included in the value for VAT and vice versa since the activity is simultaneous i.e. skill/ labour ....

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....is provdied along with materials. Reply By Surender Gupta: The Reply: It is too early to comment. Rules to be framed and notified at appropriate time for proposed composition scheme. Till than we shou....

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....ld wait and watch. Reply By Madhukar N Hiregange: The Reply: Still to be notified and there maybe prescribed methods toarrive at the same. Pl wait for the same.<br> Discussion Forum - Knowledge Sharin....

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....g ....