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What is WCT? On Which it is calculated?
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Answer Posted / arpit gidoliya
WCT is the Work Contract Tax. Wct is applicable when company (Contractee) give contract to other company(Contractor)and other company provide(Labour services and material)both and bill is issued for both(Services and material) and not to bifurcate the amount of services and material then WCT is calculate to whole of amount and Rate is Different state to state. WCT is like a VAT.
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