Works Contract Tax
This query is : Resolved
19 June 2008
Plz clarify the basis of charging vat or wct in case vendor invoice is inclusive of Material and Labour
20 June 2008
Hi Praksh,
If the nature of work is such that it include both the material and labour then WCT shall be invoked and dedcuction @2% for registered dealers and 4% for unregistered dealers shall be levied.
VAT is involved when there is involvement of only goods.
Rgds/
Vineet
If the nature of work is such that it include both the material and labour then WCT shall be invoked and dedcuction @2% for registered dealers and 4% for unregistered dealers shall be levied.
VAT is involved when there is involvement of only goods.
Rgds/
Vineet
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