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What is WCT TDS? who is liable to deduct the WCT TDS?
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Answer Posted / archana sinha
WCT stand for work contract tax.It is deducted when vendor
has worked with material supply.Then forworded bill to me
for payment i will deducted tds and wct.For example:-
A company is a Infrastured company.They need some work for
civil work.They contacted another vendor like B.B will
supply the material and labour will also provide.This is
labour an material.A will payment and deducted WCT and TDS
both.
| Is This Answer Correct ? | 421 Yes | 60 No |
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Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
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