Dear Sirs,
We are a company in chennai, taking up a project in Karnataka.
The approx value is about 100 Cr. which consists of 60Cr. equivalent in USD value and balance 40 Cr. in INR. This 40Cr INR is inclusive of Civil, Structural, Erection, etc...
My queries are:
1) What is the Works Contract Tax (WCT) %age as per Karnataka state.
2) Whether the WCT will be charged on full value of project or only on labour portion.
3) The USD portion will be imported and hence, will the duties be added in order to calculate the WCT.
4) Applicability of TDS on the value of project.

Request you to clarify.
Regards
S. Anand

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