Can any body tell he procedure to issue a WCT certificate to contractor.
How to issue a WCT Certificate & which form is used............
Sorabh Gupta (Manager ( Taxation )) (877 Points)
23 October 2009Can any body tell he procedure to issue a WCT certificate to contractor.
How to issue a WCT Certificate & which form is used............
Vijay D
(Finance Executive)
(227 Points)
Replied 26 October 2009
Hi,
If you are deducting WCT from your contractor's bills then you will have to deposit the same to state govt a/c by 7th of next month.
You may issue WCT Certificate to your contractor on monthly basis. Format of certificate may be different in different States. Generaly form 40 is being used for the same.
Attached here MH WCT format for your reference.
CAclubindia
