Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sagar
WCT depends upon state by state. its a flat rate at which no
input credit on any material purchased is given to you
(since on VAT credit of Input can be claimed and net amt is
deposited to govt). you have to pay a flat rate of 2 % on
turnover(ie, contract amount) to government or ur contractee
will deduct WCT while making payment to u. you (the
contractor) can claim WCT as ur direct expense.
| Is This Answer Correct ? | 9 Yes | 7 No |
Post New Answer View All Answers
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
how form h fill up?
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
What is US Tax Accounts? Can I get any information where from I take full knowledge about US Taxation?
What do you mean by vat, vat registration total cost hydra bad in which places
can TDS be deducted(in Jharkhand) from the bill of a supplier who supplies goods from Delhi to Jharkhand taxable @12.5% under jharkhand VAT ACT?Whether Entry tax is also deductible in this case
At what point excise duty is accrued
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
