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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2815)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4365)
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 ?    175 Yes 28 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 ?    94 Yes 20 No
B.mishra
 
 
 
Answer
# 3
12.5% on 80% of Gross Value 
Is This Answer Correct ?    126 Yes 71 No
Waseem
 
Answer
# 4
wct rate is 12.5% on 80%of total sales 
Is This Answer Correct ?    30 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 16 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 85% of basic value.

Service tax @ 10.30% or 33% of basic value.
 
Is This Answer Correct ?    26 Yes 25 No
Jitender Rawat
 
Answer
# 10
WCT @ 12.5% on 80% of the Actuals
and
Service Tax @ 12.36% on 70% of the Actuals
 
Is This Answer Correct ?    1 Yes 0 No
Varun Singhal
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Rate of TDS On Contractor for advertisement exp. TCS 14
mention the list of services tax applicable   1
What do you mean by MOT Charges in excise ? Explain !   2
What is difference between an Insurance and a general Insurance???? Genpact 12
WHETHER WE CAN REIMBURSE SERVICE TAX?   2
Please tell me about TDS, VAT, CST, Service tax with latest rate? TVS 17
can we clarify any questions/doubts raised by other persons   1
DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes) Deloitte 3
If any one provide TDS and Service tax Rates from 2003 to 2010 Reliance 2
If purchaser receive 4 nos Invoice from seller agnst Inter State Purchase in One Quarter and By mistake Purchaser issued one Form C in One Quarter only for 3 Invoice. Can he (Purchaser) issue another Form C for rest 4th Invoice or not???   3
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example. DELL 2
when Form-16 and Form-11 issued? what is difference in these two? Sabic 2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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