Answer / kumar goutam

wct stands for work contract tax it is deducted by vendor
has worked by material and also supply labour and if they
are puting combaend invoice for material and service then
we are liable to deduct wct & tds

Answer / vsg

1st answer is very right.

Answer / sunil bhagat

WCT stands for Works Contract Tax.

There is no Works Contract Tax (WCT) now.

It is a VAT on deemed sales under an Indivisible Works
Contract i.e. VAT on the 'Material Value' of an Indivisible
Works contract.

The acronym WCT is invariably used(wrongly) in lieu of TDS
towards VAT on deemed sales under an Indivisible Works
Contract ; what you are now refering to as WCT TDS

A more suitable acronym is TDS(WC). The reason for using WCT
is usually to differentiate TDS(WC) from TDS(I.Tax)

Answer / dharmendra samal

Dear friends,
i want to explain the meaning of WCT, WCT is one type of
government dues, that a contractee deductes from a
contractor, and the contractee deposits the same with the
govt. account,
for example:
suppose a contractee gives a contract to a contractor for
construction work of a building, then the contractor
complets the contract and issues the bill to the contractee
of amt. Rs. 12,50,000/-, here is the right of the
contractee to deduct WCT on the total bill amount i.e.,
12,50,000/-, the the same amount should be deposited with
the govt. account before the due date.

Answer / manish

You are right Mr. Subba Raju

Answer / jack sparrow

thanks guys for entertaining ... got the ans and also had a
good laugh

Answer / ujjwal

WCT is normmally deducted by the organization for whom the
services along with material supply has been provided by
the othe compnay. WCT and TDS is deducted while the payment
is made to the same.

Answer / ranjan

Dear Mr. Satyaki Raju

If you don't know how to incourage someone then pls don't
discourage. I think your english not as good as Ms.
Archana, thah's why you couldn't get her answer while i got
(My english is not good). You should give answer if you
have somthing else.

Answer / pankaj sharma

thanks to all for making me laugh

Answer / raju

All are *****r

WCT- Work Contract Tax is different from TDS-VAT

material + Labour contract having value more than 5L then it attract vat-tds 2% for RD & 5% for URD

WCT is vat on material part & service tax on service Part in the bill

I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.

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