Rate of wct in west bengal for the works contract in ctp

WCT will be deductible from the composite bill amount.

By definition, a works contract tax is a tax on "Works Contract" i.e. a contract which is a mixture of Material & Labour supplied during the course of job. So, naturally any tax deductible on the contract cannot be limited to the service portion only.

If there were seperately identifiable elements in the contract and the contract was negotiated seperately for the material & labour portion, it would not have been a works contract in the first case. The material portion would have attracted VAT & the labour portion Service Tax.

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