Labour cess on construction service recived
KATHIRVEL S
(Querist) 10 August 2018
This query is : Open
Dear expert, We are a manufacturing industry received service from A ltd for dismantling and erection service. The gross value of the invoice is 5700000 rs and charged IGST rs 1026000. The net value is 6726000. He has mentioned in the invoice is to deduct 1% amount ( 67260 ) under BOCW act. In this case i have some doubt, Please clarify it.
01. Is GST applicable on rs 67260 or its exempt from GST.?
02. Is we are ( manufacturing industry ) liable to deduct & remit the labour cess to govt.? if yes, we shall issue or maintain any forms.?
