How is Labour Charge Calculated and Captured?

Labour charge is calculated and captured based on certain values, which are detailed in this topic.

●      Assessable value of the transaction recorded by selecting Labour Charges Collected, Interstate Labour Charges Collected, and Labour Charges Paid as the Nature of transaction.

●      Deductions value recorded in Deduction Claimed for Tax Calculation screen of transaction recorded by selecting Purchase-Works Contract, Sales - Works Contract (Company nature of business = NA or Construction), Interstate Sales - Works Contract, and Sales - Works Contract – Ongoing as the Nature of transaction.