WCT on Construction of Building
This query is : Resolved
29 November 2007
What is the conditions to charge Work Contract Tax (W.C.T.)?
If Company is liable to pay Service Tax @ 2 % under 'The Works Contract (Composition Scheme for payment of Service Tax) Rules, 2007'
Whether Company also liable to pay WCT ?
If Company is liable to pay Service Tax @ 2 % under 'The Works Contract (Composition Scheme for payment of Service Tax) Rules, 2007'
Whether Company also liable to pay WCT ?
30 November 2007
WCT (Works Contract Tax), which is a part of VAT is chargeable on transfer of property of goods in execution of works contract as a deemed sales.
Service tax is applicable on the service provided in works contract.
Dealers are liable in both the act.
Service tax is applicable on the service provided in works contract.
Dealers are liable in both the act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
