works contract tax in tamilnadu

There are three methods of tax payments available for Works Contracts Tax in TNVAT. They are as follows :- 1)      Goods Identification method (Section 5) 2)      Percentage Deduction method – Rule 8(5) 3)      Composition Scheme – Section 6 GOODS IDENTIFICATION METHOD In this method, tax is on the deemed sale value of goods at rates […]