Wct tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2015
what is wct tax & how we get credit of wct tax and what is accounting treatment ?
21 February 2015
WCT is type of sales tax, in sales tax you have to charge tax on full amount, whereas in WCT there are 2 proportion one is labor and 2 is material. WCT is charged on material portion only.
WCT concept is applied only where goods are sold with some services, like construction of flats etc.
WCT concept is applied only where goods are sold with some services, like construction of flats etc.
24 February 2015
WCT-work contract tax its charge on contract value as per state vat act.
its charge on contract in which labour and material both include.
only on labour work or material work not applicable.
its charge on contract in which labour and material both include.
only on labour work or material work not applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
