Worksheet 3 - VAT Form 15 (Punjab)

3A: Calculation of deductions by a Works Contractor (including Job Work)

Whether accounts maintained ?

Displays a tick in the Yes box.

Deductions with accounts maintained

1. Labour & Services

Displays the amount entered as Labour & Services Charges in Deduction Claimed for Tax Calculation screen, of sales invoice recorded with the following nature of transactions:

●     Sales - Works Contract

●     Interstate Sales - Works contract

Also displays the amount entered in sales invoice, for additional ledgers predefined with the following nature of transactions:

●     Labour Charges Collected

●     Interstate Labour Charges Collected

2. Amount paid to sub contractors for labour & services

Displays the amount entered as Labour & Services Charges paid to Sub Contractor in Deduction Claimed for Tax Calculation screen, of sales invoice recorded with the following nature of transactions:

●     Sales - Works Contract

●     Interstate Sales - Works contract

3. Others

Displays the amount entered as Other Deduction in Deduction Claimed for Tax Calculation screen, of sales invoice recorded with the following nature of transactions:

●     Sales - Works Contract

●     Interstate Sales - Works contract

Displays only the amount. Description field will be left blank.

4. Total (1+2+3)

Displays auto calculated value.