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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
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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
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