Under DVAT ABC is a "company" which has taken contract from
Delhi state govt department and subcontracted part of work
to XYZ. Where ABC is under composition scheme and XYZ is
under normal scheme. Govt deducts 3% WCT from payment to ABC
towards vat.Whether subcontractor is liable to pay WCT vat
on his turnover though the main contractor has already
discharged tax liability on entire turnover? What is the
mechanism ?
- 1 Answers
- 4033 Views
- ICA, I also Faced
- E-Mail Answers
Answer Posted / g v s subrahmanyam
The relation between the contractor and subcontractor is
principal and agent. If the main contractor has already paid
the tax inrelation to particular work, in which the sub
contractor also discharged the services to the same work.
Hence to be best of my knowledge, the sub contractor need
not pay tax again under works contract act.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
Provision for Service tax, Income tax and Sales tax
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
what is the proccesor to caculate the firm assement
is there easy guide for the latest India tax & accounting information for 2010?
is there any specific percentage related to lower tax deduction under tds
At what rate firms are required to pay tax on their income?
which purchases is profitable for us a building material purchases from direct of contactor ?
Which income is considered as accrued income?
How many turnover company active TAN no applicable and how many deduction % of service.
Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.
Why TDS is not deducted on JSTF Contribution of Hinjewadi Industries Association?
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
