When VAT 14.5% is applicable and when Work contract tax 4%
is applicable? Is both are same?

Answer Posted / satpal nalavade

Vat is applicable for sale of products or goods. WCT is
applicable on execution of building material or other
construction workds like road, builing, dam construction.

applicable tax rate is depend upon related product tax
schedule.

Is This Answer Correct ?    26 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what was the VAT rate on inverters(home ups) in karnataka on 2016??

1030


witch taxes are calculate in CENVAT for Gold ornaments ?

1191


How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?

1513


what is the Difference between Compound Sales and Deemed Sales?

1678


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

2516






Which form used for registration in GST?

921


What will be the planned expenditure in the budget 2009-10

1907


how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com

982


due date for issue of C form, if c form is not issue what will be the consequences

3335


Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?

1719


why use diff vat forms like vat51 vat3 why

1446


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1257


I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

2150


How to file the CST return and which form is use.

1257


What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....

1630