Is CESS @ 1 % to be paid on the Service Tax / GST Amount apart from the Contract Value?
From India, Chandigarh
From India, Chandigarh
Hi Srawat, You need to pay cess on total cost of the project, excluding land value and compensation paid to employees.
From India, Bangalore
From India, Bangalore
Mr/Ms. Srawat,
Under Section 3 of the Welfare Cess Act, these construction companies are liable to the levy of a Cess at a rate not exceeding two per cent, but not less than one per cent, of the cost of construction incurred. ... It is clear that the Cess can only be levied for the purposes of the BOCW Act
It has to be calculated from the invoice (exclusive of taxes)
From India, Delhi
Under Section 3 of the Welfare Cess Act, these construction companies are liable to the levy of a Cess at a rate not exceeding two per cent, but not less than one per cent, of the cost of construction incurred. ... It is clear that the Cess can only be levied for the purposes of the BOCW Act
It has to be calculated from the invoice (exclusive of taxes)
From India, Delhi
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#Subject List: bocw cess cess act City-India-Chandigarh service tax Country-India
Service Tax.pdf
