wct

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2010 WHETHER wORK CONTRACT TAX CAN BE CLAIM AS EXPENSES IN BUISNESS OR CAN BE CLAIM AS REFUND IN VAT RETURN BCOZ THE ASSESSEE IN BUISNESS OF CONTRACT WHERE THERE IS NO VAT ON SALES AND HE HAS VAT INPUT ALSO.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 September 2010 If there is no VAT on sales, you are not eligble to claim vat input, so you need to added VAT value to cost of the goods

Querist : Anonymous

Querist : Anonymous (Querist)

29 September 2010 no Question of vat, question is of work contract tax which has been charged durin contract and we have get sale procced after deducting Wct then What Abouut wct either to take expenses or we can get refund.