• Answer of this question

    what is work contract tax ? when it was levied .
    Davneet Singh's image
    Davneet Singh

    We know that 

    On Sale of goods,Vat is charged

    and 

    On Providing Services,CST Is charged

     

    However,there are certain tranactions which have element of both goods and services

    Example

    On Construction Services,Printing Services, both material and services are charged)

    On these services,a component of both VATand service Tax is charged

    This tax is called Work Contract tax

     

     


    Written on July 28, 2016, 12:15 a.m.