RATE OF WCT IN UTTARAKHAND
This query is : Resolved
Guest
Guest
(Querist)
27 October 2010
RATE OF WCT IN UTTARAKHAND .plz reply any expert of uttarakhand
REGARDS
RAJ
REGARDS
RAJ
28 October 2010
Works Contract
The contracts such as Building constructing, manufacture,
processing, fabrication, erection, installation, fitting out,
improvement, modification, repair or commissioning of any movable
or immovable property, would fall under works contract. As per
Uttarakhand VAT Act while making payment to the contractor WCT
TDS @ 4% is required to be deducted.
The contracts such as Building constructing, manufacture,
processing, fabrication, erection, installation, fitting out,
improvement, modification, repair or commissioning of any movable
or immovable property, would fall under works contract. As per
Uttarakhand VAT Act while making payment to the contractor WCT
TDS @ 4% is required to be deducted.
Jiwan singh
(Expert)
28 October 2010
if contractor submit composition scheme certificate than wct @ 1%
RAMESH KUMAR VERMA
(Expert)
28 October 2010
agree & please go to the following path:-
https://ntnonline.net/tipsonvat.pdf
https://ntnonline.net/tipsonvat.pdf
Ranjan Dayal
(Expert)
29 October 2010
As per the provision of THE UTTARANCHAL VALUE ADDED TAX ACT, 2005 rate of Tax on works contract is 12.5% for your ready reference see below:
(2) (a) No tax under this Act shall be payable on the sale or purchase of the
goods specified in Schedule-I;
(b) Subject to the provisions of section 3, a dealer shall be liable to pay tax on his
taxable turnover-
(i) At every point of sale at the rate hereafter provided:
(a) In respect of goods specified in Schedule II (A) 1 percent
(b) In respect of goods specified in Schedule II (B) 4 percent
(c) In respect of goods specified in Schedule II (C) at the rate specified
therein
(d) In respect of goods other than those included 12.5 percent
in any of the Schedules
since works contact has not covered in any scheduled hence as per clause (d) 12.5% rate to be charged .
(2) (a) No tax under this Act shall be payable on the sale or purchase of the
goods specified in Schedule-I;
(b) Subject to the provisions of section 3, a dealer shall be liable to pay tax on his
taxable turnover-
(i) At every point of sale at the rate hereafter provided:
(a) In respect of goods specified in Schedule II (A) 1 percent
(b) In respect of goods specified in Schedule II (B) 4 percent
(c) In respect of goods specified in Schedule II (C) at the rate specified
therein
(d) In respect of goods other than those included 12.5 percent
in any of the Schedules
since works contact has not covered in any scheduled hence as per clause (d) 12.5% rate to be charged .
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