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WCT Exemption limit ?? Pl explain on which items WCT is
applicable.
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Answer Posted / atul nema
WCT means Works Contracts Tax and it has the same limit as
prescribed under VAT for Sale of Goods i,e; Rs.5 lacs.
Look, WCT as a whole is not taxable in the eyes of any law.
VAT can only be imposed on the transfer of Propoerty in
execution of works contracts. and dealer can get deduction
of labour utilised in executionof works contrats.
| Is This Answer Correct ? | 21 Yes | 3 No |
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