Applicability of works contract tax
This query is : Resolved
Narayana Malleesh
(Querist)
28 June 2014
A cement manufacturing company is transfering its property in tyres to a tyre manufacturing company for modification or alteration of tyres for longer usew of tyres.the tyre manufacturing company is raising invoice for works contract.
the following are my questions.
how much WCT should be paid?
how it should be audited in internal audit?
the following are my questions.
how much WCT should be paid?
how it should be audited in internal audit?
Guest
Guest
(Expert)
28 June 2014
rate of wct is 3 % here in rajasthan
Rupesh Jain
(Expert)
30 June 2014
yea it is deductible WCT.
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