Work contract tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 October 2011
what s mean by work contract tax? Rate of tax applicable to contractor who done work for govt ...
work contract tax and tds r same?
due date s same to work contract tax and tds?
work contract tax and tds r same?
due date s same to work contract tax and tds?
16 October 2011
WCT is a tax which is payable by the contractor in lieu of VAT.
No TDS and WCT are different in nature.
No TDS and WCT are different in nature.
16 October 2011
It is a option given to the contractor to opt wct instead of VAT.
In wct the dealer should pay the composite tax i.e. 4% in karnataka.
In wct the dealer should pay the composite tax i.e. 4% in karnataka.
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