Qualifying Amount for CESS Payment
I need to know the qualifying amount upon which CESS @ 1% is to be paid. Is it the contract value or the actual value of work executed, or is it to be paid based on the material and labor value only involved in the execution? The principal used to insist on upfront payment of the CESS of 1% of the contract value from the contractor, while the actual scope value may be slightly less than the contract value.
Safest Payment Method for Contractors
What is the safest way for a contractor? Should he pay in installments to match the progress of the contract?
From India, New Delhi
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I need to know the qualifying amount upon which CESS @ 1% is to be paid. Is it the contract value or the actual value of work executed, or is it to be paid based on the material and labor value only involved in the execution? The principal used to insist on upfront payment of the CESS of 1% of the contract value from the contractor, while the actual scope value may be slightly less than the contract value.
Safest Payment Method for Contractors
What is the safest way for a contractor? Should he pay in installments to match the progress of the contract?
From India, New Delhi
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Please review the following link:
https://wblc.gov.in/sites/default/fi...w-cess-faq.pdf
Points 5, 6, 11, and 22 are of specific interest to you.
From India, Mumbai
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2508https://wblc.gov.in/sites/default/fi...w-cess-faq.pdf
Points 5, 6, 11, and 22 are of specific interest to you.
From India, Mumbai
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BOCW NOTIFICATION FOR CESS BY DELHI Government.pdf
SALARY SHEET CALCULATION.xls