Wct
This query is : Resolved
Ashok Sharma
(Querist)
28 August 2013
WHAT IS WCT?, AND WHICH AREA ITS APPLY?. PLEASE EXPLAIN IN DETAILS. ITS REQUEST.
Aalok Chhaperwal
(Expert)
28 August 2013
Works contract tax (WCT) is a tax imposed on a contract for work such as assembling, construction, building, altering, manufacturing, processing, fabricating, installation, improvement, repair, or commissioning of any movable or immovable property.
A transaction is considered a works contract only if the finished product is supplied to a customer and is not sold in the market to any other person.
A transaction is considered a works contract only if the finished product is supplied to a customer and is not sold in the market to any other person.
Ganeshbabu K
(Expert)
28 August 2013
Actually it is a vast concept ,,
.
.
you may get some gist on topic here,,
https://www.dateyvs.com/faqs-on-works-contract-service/
.
.
you may get some gist on topic here,,
https://www.dateyvs.com/faqs-on-works-contract-service/
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