RATE OF WCT IN UTTARAKHAND [Resolved]

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Guest

Guest (Querist)

27 October 2010 RATE OF WCT IN UTTARAKHAND .plz reply any expert of uttarakhand

REGARDS
RAJ

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

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.

Jiwan singh

Jiwan singh (Expert)

28 October 2010 if contractor submit composition scheme certificate than wct @ 1%

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

28 October 2010 agree & please go to the following path:-

https://ntnonline.net/tipsonvat.pdf

Ranjan Dayal

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 .

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