Relation between WCT & VAT
This query is : Resolved
02 November 2007
Which is the governing ACt of Works Contract Act and what is the relation between WCT & VAT?
02 November 2007
Dear Sir
There is no special act for works contract. The same is getting taxed under State VAT as well as Central's Finance Act 1994 - Service Tax (specified Works Contract Service Tax).
There is no special act for works contract. The same is getting taxed under State VAT as well as Central's Finance Act 1994 - Service Tax (specified Works Contract Service Tax).
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