WCT
This query is : Resolved
03 August 2009
will WCT deducted on advance payment
03 August 2009
As per Section 10 of the Kerala Value Added Tax Act "every awarder shall deduct from every payment,including advance payment made by him to any works contractor liable to pay tax ....". From the above its clear that WCT should be deducted from payments including advance payment.
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