Wct-karnataka

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2011 Under WCT whether we have to deduct WCT from sub-contractor bill while making payment to them.

Rajkumar

Rajkumar (Expert)

15 October 2011 Mr. Author you can file return quarterly. fill your return correctly. show the total contract amount as per agreement, received during the quarter and balance receivable by project wise.

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2011 Thanks for the Reply.My question is We are developers and we engaged one Sub-Contractor for Civil Work. We are paying Agst RA bill which they are submitting.My doubt is while making payment to them whether we have recover VAT portion and paid on behalf of them to Govt.(like TDS)or we have to pay amount inclusive of VAT and claim Input Credit

Rajkumar

Rajkumar (Expert)

17 October 2011 In WCT vat rate is on compounding method. so there is no any importance for input vat paid because we can't use it for refund. no need to show seperatly. take the total bill amount as purchase and pay for the total bill amount.

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2011 If Under VAT regular....what is the treatment.