Can we deduct WCT TDS on Interstate WORKS CONTRACT ,
Example, Contractor is in Banglore, he has completed work
in Mahrashtra which involved Civil work, Furnitures,
fixtures & labour etc, Contractor has raised invoice on
service receiver adding 13.50% full CST +4.12% Service
charges on Total invoice amount, kindly clarify whether
Service receiver is eligible to deduct WCT TDS in
Maharashtra on invoice value of the contractor, if yes at
what rate ?
Answer Posted / pankaj naidu
WCT-TDS is not required on Interstate Work Contract.
| Is This Answer Correct ? | 31 Yes | 6 No |
Post New Answer View All Answers
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
What are the excise duties in our state?
what is rate of different service tax in haryana
what is fbt@ ,sd @
how we issue the road permit to seller for receiving the rearing material
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
What is Labour Cess? Pl. define. & what is rate of Labour cess.
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
What items fall under the category of ‘securities’?
Tell about dvat and dvat rate
If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
Differentiate between financial year, assessment year and previous year?
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.