Interested to Buy Any Domain ? << Click Here >> for more details...
we are registered dealer of VAT(sale tax) for different
states regarding consutruction of chimney and roc, we also
purchase material inter-state under cst . so, please
someone help regarding VAT+VAT TDS+CST+WCT+Service tax both
under composition scheme and non-composition and any
related site or recommened books which one solve queies.
Thank u
- 1 Answers
- 4572 Views
- I also Faced
- E-Mail Answers
Answer / g v s subrahmanyam
You are a registered dealer in different states, there are
two types of registration for construction services under
works contract act.
i. non-composite
2. composite schemes
under noncomposite scheme we can purchase interstate by
issueing c forms
under composit scheme we cannot issue c forms and uner this
scheme no input vat will be allowed. for consideration of
the input vat to be paid on total construction value by 1%
or 25% value by 4%, rest of the 75% will be allowed as
deduction for construction of residential complexes
if in other cases the caliculation will be like this
1. we have to take the total value
2. on the above value tds to be deducted under Works
contract Act depends on the state rates.
2. TDS under income tax is also to be caliculated on the
total value of the works i.e on total value only
3.for service tax caliculation the value on which tds on vat
is valiculated to be caliculated i.e total value x tds =
total value on which serice tax @ 10.3% to be added and on
which 2% under income tax to be deducted
| Is This Answer Correct ? | 1 Yes | 0 No |
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
i want to leanr the TDS on Salaries and TDS rates
What is TDS
I am running a small business under labour charges. I purchase raw material paying tax. I do not have a tin no. In that case kindly advise How to file IT returns of my company and whether I can claim tax refund.
is there any necessity to file TDS to purchase a thing even ater paying vat
What is CAARO?
Please let me know the where i submit the manual tds return. & what is the proceser of etds return. Deepak
mention the list of services tax applicable
what is Professional Tax Slab in Karnataka
Is Service Tax Applicable on Hospitals?
When Tax paid comes under expenses account instead of duties and taxes(current liabilities) ?
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
Audit 
