Dear All,
Please let me know the details calculation of BOCW Cess .
I have little confusion as follows:
Total Cost / Value Rs 100
Out of the same :
Labour Component is Rs 20
Deatils Engg / Design is Rs 20
Supply project materials Rs .40
Supply Construction Materilas Rs 15
Profit is Rs 5
Now the cess will be calculate on which , is it only on Labour Component or total contract value including profit .
As I know service tax is not under the cess as per BOCW ACT 1996
Looking forward your help.
Thanks Subroto
Please let me know the details calculation of BOCW Cess .
I have little confusion as follows:
Total Cost / Value Rs 100
Out of the same :
Labour Component is Rs 20
Deatils Engg / Design is Rs 20
Supply project materials Rs .40
Supply Construction Materilas Rs 15
Profit is Rs 5
Now the cess will be calculate on which , is it only on Labour Component or total contract value including profit .
As I know service tax is not under the cess as per BOCW ACT 1996
Looking forward your help.
Thanks Subroto