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.