I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

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what is meant by dearness allowance?

1 Answers   Wipro,

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If foreign remittance revived from abroad from company to an individual saving account ,who has a tax payer,through designated agent/diplomat of rbi,( e.G. In case winning of prizes or lottery ) What is c.O.T. Code charges ? How can we treated in accounts ?

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How tax deduction at source is deducted

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Definitions of paid up capital ,authorized capital ,issued capital ,share capital

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Can fright charges be included to calculate vat amount?

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What is Vat and how it is adjustable with input vat and what return form required for DVAT?

0 Answers   Construction, Ernst Young,

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What is the TDS percentage advertisement

9 Answers   ABC,

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which amount filling in c form (in invoice) its urgent basic value of item + excise duty + cst

2 Answers  

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We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.

1 Answers  

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we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?

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cst rates

0 Answers   Swasakthi,

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