Pls advice me about the WCT, which is a part of Sale Tax collection or deduction by the corporation, where our contrcts is gooing on. so this regrads, were we shown to deducted WCT in the VAT return.
11 December 2010
WCT TDS will be ducted from your each Running account Bill/Payment by your Employer(Department)and they will issue DVAT-43 along with copy of DVAT-20 to you. If you are in camposition Scheme then you will file your return (Monthly if TO > 5 Crore, Quarterly if TO< 5 Crore )in DVAT 17 if not in compositions scheme then File Your return in DVAT-16, take the credit of Input VAT and TDS (Along with Labour Component i.e. 25% in case of Civil Work and 15% in case of Elect. Work). No Input Tax credit or Labour component allowed in Composition scheme. It is for only Delhi Vazlue Added Tax. In NCR there is two States i.e. Haryana and UP clear it also for which state your query stands.
CAclubindia
