WCT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2011 Dear Sir,

Can any one tell me what is WCT,is it related to sales tax or income tax,can i get a book on WCT in market

Omdutt Kashyap

prasad

prasad (Expert)
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08 April 2011 WCT - means works contract tax.
This is related to Sales tax.

WCT - suppose one has taken contract for civil construction. The sale tax (Vat) is levied on the goods/ property transferred through the execution of contract. There are some methods for calculations

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Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2011 thanks you sir,

can you tell me when it is applicable, and what is the method of calculation,

thanks and regards

Omdutt kashyap

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