A contractor, awarded with the contract of doing erection,fabrication & civil jobs. As per the agreement material content is 60% and service content is 40%.The contractee will provide the steel and cement. In the course of job some items like grills, collapsible door, Tiles & Paints (for civil) etc. will however be provided by contractor. Whether contractee is liable to deduct WCT TDS under VAT act. Answers with relevant sections/case laws will be appreciated.
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Wct tds
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Yes, It will Come Under Work Contract..... WCT Will be Deducted on your gross bill value
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