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WCT on Construction of Building

This query is : Resolved 

29 November 2007

What is the conditions to charge Work Contract Tax (W.C.T.)?

If Company is liable to pay Service Tax @ 2 % under 'The Works Contract (Composition Scheme for payment of Service Tax) Rules, 2007'
Whether Company also liable to pay WCT ?

CA. O.P. Agarwalla (Expert)
30 November 2007

WCT (Works Contract Tax), which is a part of VAT is chargeable on transfer of property of goods in execution of works contract as a deemed sales.

Service tax is applicable on the service provided in works contract.

Dealers are liable in both the act.

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