Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


what is wct? what is it applied ?

Answers were Sorted based on User's Feedback



what is wct? what is it applied ?..

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

Is This Answer Correct ?    20 Yes 5 No

what is wct? what is it applied ?..

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.

Is This Answer Correct ?    9 Yes 7 No

what is wct? what is it applied ?..

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

Is This Answer Correct ?    0 Yes 0 No

Post New Answer



More Taxation Interview Questions

What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

0 Answers  


i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- rs and comission rate is 18% what will be net comission will be recd by me after deducting service tax and tds ?

6 Answers   Bajaj Allianz, Reliance,


I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

0 Answers   ABC,


How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?

0 Answers  


About "H"form

2 Answers  






what indirect tax and in that whats include

2 Answers  


On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?

3 Answers   Insurance,


what is service tax charged in india

4 Answers  


What is a service tax?.How to pay the service tax return?

1 Answers  


Tell about dvat and dvat rate

0 Answers  


what is the process of paid unpaid in service tax

2 Answers   Airtel,


What is the procedure for Sales Tax Filing? which can come under this head. whn we file it? wat r all the materials to be submitted? For eg: i hav a company named 'A'in chennai. my branch 'b' is in Bangalore. the sales made in bangalore can be (come for sales Tax Filing)filed in chennai? and also the purchase from bangalore can be(Sales tax filing) filied in chennai?

4 Answers   ABC, Agon, Marketing Sales, Mindlogicx,






Categories