Answer / amandeep singh

1.WCT(Work Contrat Tax)is a kind of sale tax i.e,

2.if work Contractor gives contract to contractee to done
the work or Job on the Material like( eg. contractor has a
land and he wants to make a building on the land, due to
this contractor sign a contract with contractee to
construct building),

3.In the contious Example, contractee will construct
building with the help of (labour and material) and after
construction contractee will transfer building to
contractor ,

4.This transaction would become a sale for material and
service for labour charges. and on the part of sale
contractee will deduct sale tax (that means to say Work
Contract Tax).

5.WCT rate is differ to state to state due to there is a
different Sale Tax act in every state.

Answer / darshan

Wct is sale tax, it is applicable where done the work of
construction or where done the service of execution of work.
like construct of building , etc.

Answer / santosh kumar pattanaik

WCT means Work Contract Tax. It is levied on Contractors,
Sub-contractors, Specially who are taking contract of
Highways, Railways, Bridges, Structure Work, power plant
contract etc. It is levied@ 2% on Running Account Bills
(Work done by the sub-contractor). It has been paying to
Govt. through TIN Number and issuing Form 36 (quarterly
basis) against WCT deducted from the Sub-Contractors to
howm taken the contract.

Answer / manish

wct means work contract tax and deducted form contractor
time of payment
Registered contractor @ 2% and unregistered charges 4%

Answer / arun s.

WCT is Work Contract Tex, which calculated on company/factory product annual production value, which produced by their (company) contractors. This cost is excluded production value of company produced itself.

Answer / dinesh singh

WCT IS CHARGED WHEN THE CONTRACTOR USE ITS MATERIAL WITH
LABOUR SERVICES TO EXCUTE THE CONTRACT AND WCT IS
CALCULATED ON TOTAL GROSS VALUE OF CONTRACT.

Answer / kareena kapoor khan

Works contract tax (WCT) is a tax imposed on a contract for
work such as assembling, construction, building, altering,
manufacturing, processing, fabricating, installation,
improvement, repair, or commissioning of any movable or
immovable property.

WCT is based on the contracts for labor, work, or service
and not for the sale of goods, although goods are used to
fulfill the contract. For example, when a contractor
constructs a building, the buyer pays for the cost of the
building which includes the building material, labor, and
other services. No contract exists for the supply of the
building material. The WCT tax applies only to the building
and not for the materials used for construction. WCT
certificate is the Certificate of Tax (R75I119) which you
submit to the dealer or contractor.

Answer / ca sachin agarwal

Let me tell you in simple words ,WCT is like VAT, Whenever we take any contract where material and services both are to used like goods repair where that service provider would be providing service as well as proving material , It is called works contract. Actually WCT is calculated on the value of material and on the value of service , we have to give service tax.

But it is always not possible to bifurcate the value of goods and service. In that case, govt has provided rules where u can pay tax on presumptive value.
In WCT service provider and receiver have to pay 50-50% ST.

WCT rate is 3%( if registered , otherwise 4%)

Like if you are getting your goods repaired and the SP gives a bill of 1,00,000 then

service chage = 1,00,000
service tax on bill charged by SP = 1,00,000*12.36%*70%/2 =4326
and we will also pay 4326 to govt directly .

and WCT shall be = (1,00,000+4326)*3% =3130

Answer / arpit gidoliya

WCT is the Work Contract Tax. Wct is applicable when company (Contractee) give contract to other company(Contractor)and other company provide(Labour services and material)both and bill is issued for both(Services and material) and not to bifurcate the amount of services and material then WCT is calculate to whole of amount and Rate is Different state to state. WCT is like a VAT.

Answer / swarup

WCT means tax on works contract. It defines the tax that has been charged on the contract of works taken by any company.

Party had Invoice forward Material & Service combine Bill raise & Service tax service amount on 10.30% raise so that it is service tax is right claim yes Or No.i have confused this invoice, i have TDS deduction and how persentage Deducted Pl reply

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Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.

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