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 .