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Wct

sandhya (Senior Assosciate) (65 Points)

18 July 2012

Kindly provide me with the latest WCT Rates, with and without submission of respective Forms for reduced rates.

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Ajit kumar Dubey (Taxation Manager) (637 Points)
Replied 18 July 2012

If you are asking it from the point of view of VAT then you need to refer to the respective State VAT Rules to find the actual rates applicable based on the nature of the work done. In respect to service tax for Civil job ST will be applicable on 40% of the value of the contract, for Repair & maint. job ST will be applicable on 70% of the job, and for any other WCT ST will be applicable on 60% of the value of the Contract.