Answer / nichit pandurang

WCT means Works Contact Act
WCT is applied in case of any vendor suppling material or
labour on behalf of contractor on that time WCT will
deductable

Answer / sagar

WCT depends upon state by state. its a flat rate at which no
input credit on any material purchased is given to you
(since on VAT credit of Input can be claimed and net amt is
deposited to govt). you have to pay a flat rate of 2 % on
turnover(ie, contract amount) to government or ur contractee
will deduct WCT while making payment to u. you (the
contractor) can claim WCT as ur direct expense.

Answer / shatrudhan sinhg

WCT means Works Contact Tax
WCT is applied in case of any vendor supping material or
labour on behalf of contractor on that time WCT Tax Applicable

If I want loan upto Rs.500000/- from bank. so how much capital show in my balancesheet. please help me.

1 Answers  

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Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.

2 Answers  

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what do you mean by fringe benefit tax???

4 Answers  

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i want basic formula to find vat 4% from the total bill

6 Answers  

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Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

0 Answers   Unitech,

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At what point excise duty is accrued

0 Answers  

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what is the journal entry of outstanding wages ?

27 Answers   ABC, OBI,

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Is TDS is applicable for subscription/membership fee paid to registered council?

3 Answers  

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How much can I save U/S 80D to minimise my Tax Burden

2 Answers  

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service tax

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what is the incometax

3 Answers  

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How many types of Tax are ?

1 Answers  

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