Is CESS @ 1 % to be paid on the Service Tax / GST Amount apart from the Contract Value?
26th April 2018 From India, Chandigarh
26th April 2018 From India, Chandigarh
Hi Srawat,
You need to pay cess on total cost of the project, excluding land value and compensation paid to employees.
27th April 2018 From India, Bangalore
You need to pay cess on total cost of the project, excluding land value and compensation paid to employees.
27th April 2018 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)
28th April 2018 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)
28th April 2018 From India, Delhi
Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
Service Tax.pdf
