WCT

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Student (Querist)

18 June 2010 how to understand WCT? logic,tax calculation, deposit due dates with form no. and return form no.
if you have any doc/link pls let me know.

thanks.
kirti bhatt

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 June 2010 Works contract tax (WCT) is the one type of VAT ( Sale tax) Normal trading dealars and others can easily find out the sale value material for calculating Tax, But come type of contractor those who are dealing both materials and labours together some time while biling they cannot spearate the Material and labour in the bill value. so for this type of sales In VAT department introduced WCT, In this you can pay some concessional rate of VAT on the total bill value( concessional rate because of labout value also include. WCT as told under VAT rate, form, due date based on state will vary

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Student

Student (Querist)

18 June 2010 thanks sir!
where to get details relating to wct tax calc., return forms.....searched google could get anything relevant.

kirti

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 June 2010 Tell me the state I will provide some link

Student

Student (Querist)

18 June 2010 state is maharashtra. pls provide the links.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 June 2010 Please check the Links

https://www.mahavat.gov.in/mahavat/forms_works-contract-tax.html

https://www.mahavat.gov.in/mahavat/faq_accounting-for-vat.html

https://www.salestaxindia.com/htms/articles1.htm

Student

Student (Querist)

18 June 2010 thanks very much my friend!!

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