Work contract tax
This query is : Resolved
Rupinder Singh
(Querist)
02 January 2015
Dear Sir / MAM,
Kindly clarify me what is WCT and when and at which rate it is deducted ?
Warms regards
Rupinder Singh
Kindly clarify me what is WCT and when and at which rate it is deducted ?
Warms regards
Rupinder Singh
CA R SEETHARAMAN
(Expert)
02 January 2015
WCT is works contract, at the time of making payment to the contractor 5% WCT is deducted.
Rupinder Singh
(Querist)
02 January 2015
you are requested to mention the provisions under which WCT is defined.
CA R SEETHARAMAN
(Expert)
02 January 2015
It is under state VAT act(Sales tax).
Rupesh Jain
(Expert)
03 January 2015
when you give the contract with labour and material then WCT applicable.
in Haryana if contract value is above Rs. 1 lacs then WCT applicable @ 5.25%
in Haryana if contract value is above Rs. 1 lacs then WCT applicable @ 5.25%
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