• Works contract tax

iam a proprietor with vat registered supplying for govt and private
i got 2 orders worth 4.3 lakh and 7 lakh in govt in defence
how much tax i have to pay on these works WCT
shall i apply for consolidated form vat 250 to pay tax @ 5% on the total value
or shall i continue with vat  
i do both the business wct and sales of goods means trading
pls suggest and i want to apply for import export license for expansion of my business
Asked 3 years ago in Income Tax from hyderabad, Telangana
At the time of registration you can mention both the activities. If you are already registered a trader you can make addition of works contract with the department in your license.

You need to maintain two different billing/invoice, seperate for WC and for trading.

For works contract you can straightaway pay 5% without taking input. and for trading ,from output tax collected deduct input vat and pay tax.
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
95 Consultations

5.0 on 5.0

This is a question on VAT and not on Income Tax. 
B Vijaya Kumar
CA, Hyderabad
845 Answers
48 Consultations

5.0 on 5.0

Excuse me we may not be able to offer our opinion on vat matters. 
Vijay N. Kale
CA, Hyderabad
248 Answers
12 Consultations

4.9 on 5.0

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