Work Contract Tax in UP

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2011 In work contract tax if we receive a contract from a company in noida and we give sub contract also i want to know that in wct we receive payment after deduction of wct (A) we made payments by deducting wct(B) what amount we have to deposit is it B-A or we have to deposit B part also or it net off

manish soni

manish soni (Expert)
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20 January 2011 As per my opinion

- WCT which is deduct on your payment can adjust with your VAT laibilty or can claim the refund in return

- WCT which you are deducting on your sub contractors that's you have to deposite, you can not make any adjustment in the same.