Works Contract Tax
This query is : Resolved
18 December 2008
When WCT is applicable? Is it only when party does both supply of material and undertake labour work? Is there any slab below which it is exempt?
Rakesh R Kabra
(Expert)
18 December 2008
WCT can be at labour work also. As per MVAT Act, if contract receipt exceed Rs.5,00,000/- during the year, then only WCT will be applicable
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