Works contract tax in tamilnadu

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....orks contract tax in tamilnadu<br> Query (Issue) Started By: - Ravikumar muthusamy Dated:- 18-9-2013 Last Reply Date:- 20-9-2013 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Experts Our regis....

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....tered building contractor filed vat return I on deemed sales value. he is getting periodical payments on construction of a commercial building like 2 lakhs per month. In his bill he is collecting serv....

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....ice tax at the rate of 12.36 percent on 40 percent on the bill value considering 60 percent abatements. The question is what is the vat or wct tax to be collected in his bill and what percentage. Rep....

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....ly By MANDAVILLI RAMAKRISHNA: The Reply: in ap the system is to pay tax on composition system ie., 1 per cent of the registered document value. in case of construction activity without involving la....

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....nd, the contractor has to pay on abatement basis 5 per cent and on input claiming method at 14.5 percent on total billl value minus 90 percent of the input value.<br> Discussion Forum - Knowledge Shar....

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....ing ....