Wct under gst regime

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Dear Sir,  We are a construction company.  Our client deducts WCT on payment made.  Now under GST Regime, will this to be continue.........?  And what will be the rate, if it continues.  Thanks and regards,  Jakir Vashisht, 

Replies (3)

"Now under GST Regime, will this to be continue.........? "

No,  because VAT will get subsumed under GST.......

Under GST, Works contract has been specifically termed as supply of services. So now the service provider will charge the GST.

Dear All,

Is anyone know about WCT under GST Regime...

Currently we are registered in a Trade & Taxes Department as a Trading of Kitchen Set and Wardrobe but we want to convert business into WCT because we are going to give Labour Services with material. So in that conditions we are eligible for registration in WCT under GST Regime. If yes, So please clear my below points.

1) What is the Treatment of WCT under GST Regime?

2) What GST Tax percentage we have changed if we are Work Contractor?

3) What about the Input tax Credit if we purchase the material from normal vendor on 28% GST? we'll get the full ITC or not?

4) what is the TDS Treatment in WCT? who is deducting TDS on our sales value? how we will the TDS amount? and Can we adjust this TDS value with output tax payable?

Thanks & Regards

Lokesh Kumar

+91-9560915790

please contact me.

 


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