Works Contract Tax

This query is : Resolved

Dhiraj Pendhari (Querist)
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05 November 2008 Please revert the following as early as possible:-

1) When WCT is chargeable and at what %

2) If TDS is deducted from the inovice amount, then WCT is applicable or not?

3) If X bills on y, for Rs.11232/-
Lying Electrical Cabel
for construction of Plant 10000
Vat @ 8% 800
Service Tax @ 4% 432

Y Deducted TDS @2.06% Rs.231.38

then WCT is applicable or not? If yes then on which amount.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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08 November 2008 1)WCT is applicable when there is transfer of propery in the subject matter results on account of the contract.

2)TDS and WCT are not mutually exclusive.

3)WCT is replaced by VAT now.