Poonawalla fincorps
Poonawalla fincorps

Whether work contract tax is applicable on inertstate purcha

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 August 2011 RESPECTED SIR..
WHETHER THE WORK CONTRACT TAX (KARNATAKA) IS APPLICABLE FOR INTERSTATE TRANSACTIONS.
i.e. PARTY IS PURCHASING THE MATERILS FROM THE MAHARASHTRA & MAKING THE WORKS IN KARNATAKA. IN THIS CASE WCT IS APPLICABLE OR NOT ..

MOST URGENT PLS REPLY IMMEDIATELY..

S B HIRENMATH
AUDIT ASSISTANT
MATHAPATI & CO
CHARTERED ACCOUNTANTS
BELGAUM
Profile Image

Guest

Profile Image

Guest (Expert)
24 August 2011 yes its applicable. They have to pay local VAT on the goods tranferred in the project. They cannot opt for composition scheme as they are purchasing materials from other states.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
24 August 2011 Under CST no works contract concept, either need to pay CST or VAT as replied by the expert. WCT coming under local vat act
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links