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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1916)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
Question
What is the % of WCT under VAT Rules in Delhi?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
WCT on payments made to various parties are to be deducted
When the party supplies both material and labour in
pursuant to a contract. The rate of deduction is 4%, when
the party is not having Vat Registration number or at 2%,
when the party is having Vat Registration number.
 
Is This Answer Correct ?    177 Yes 29 No
Vivek Agarwal
 
Answer
# 2
Under cmposit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
 
Is This Answer Correct ?    95 Yes 20 No
B.mishra
 
 
 
Answer
# 3
12.5% on 80% of Gross Value 
Is This Answer Correct ?    127 Yes 71 No
Waseem
 
Answer
# 4
wct rate is 12.5% on 80%of total sales 
Is This Answer Correct ?    31 Yes 12 No
Shivam Kumar
 
Answer
# 5
wct under vat rules in delhi 4%. if all the work do by
contracter.
 
Is This Answer Correct ?    23 Yes 17 No
Arunkumar
 
Answer
# 6
wat always bieng on composite work, but it should be not
@the material value.its only on labor supply.just for a
inatance:Manufacturing of aircraft,there would be wct(work
contract tax)its 4%withought c form &2% with c form
 
Is This Answer Correct ?    5 Yes 2 No
Vipin Kumar Shukla
 
Answer
# 7
WCT RATE FOR THE CONTRACTOR FOR 4% FOR NET SALES VALUE 
Is This Answer Correct ?    10 Yes 8 No
Rajeev
 
Answer
# 8
Under composit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
 
Is This Answer Correct ?    3 Yes 1 No
Jai Singh
 
Answer
# 9
WCT @ 12.5% on 80% of the Actuals
and
Service Tax @ 12.36% on 70% of the Actuals
 
Is This Answer Correct ?    2 Yes 0 No
Varun Singhal
 
Answer
# 10
WCT @ 12.5% on 85% of basic value.

Service tax @ 10.30% or 33% of basic value.
 
Is This Answer Correct ?    26 Yes 25 No
Jitender Rawat
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
And If my Income is 300000 p.a., so what tax I have to be deposit,explain with the method of tax calculation in detailed?   5
A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?   3
What happens if I return material purchased in March to the buyer in August next year? Do I get full refund of the value including tax?   1
Can we debit cess & H.cess From Basic Excise Duty   3
in excsie what is the function of PLA register?   1
IS THERE LIABILITY OF SERVICE TAX IF WE PROCESS CATTLEFEED FOR OTHER PARTY ?   2
Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi Bajaj 5
what is waybill ? when we supplied a machine to Gujarat from Hyderabad they asked waybill. How it is different from consignment note?   2
Can a Company can issue C Forms in Advance to the seller (Other than govt.dept.)   4
Why the goverment give tax reduction benifit when purchase and sales from one state to another state under 'C' form ?   1
What is the Processing to Get TIN (Sale Tax No.) and what the Charges to get it....and in how many days i can get it...from Sales tax Department...Please resolve it Soon...   2
what r the heads of taxation Mphasis 8
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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