Whether work contract tax is applicable on inertstate purcha

This query is : Resolved

SIDDAROODHA HIREMATH (Querist)
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24 August 2011 RESPECTED SIR..
WHETHER THE WORK CONTRACT TAX (KARNATAKA) IS APPLICABLE FOR INTERSTATE TRANSACTIONS.
i.e. PARTY IS PURCHASING THE MATERILS FROM THE MAHARASHTRA & MAKING THE WORKS IN KARNATAKA. IN THIS CASE WCT IS APPLICABLE OR NOT ..

MOST URGENT PLS REPLY IMMEDIATELY..

S B HIRENMATH
AUDIT ASSISTANT
MATHAPATI & CO
CHARTERED ACCOUNTANTS
BELGAUM

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Guest (Expert)

24 August 2011 yes its applicable. They have to pay local VAT on the goods tranferred in the project. They cannot opt for composition scheme as they are purchasing materials from other states.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 August 2011 Under CST no works contract concept, either need to pay CST or VAT as replied by the expert. WCT coming under local vat act

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