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Work Contaracts

Hitesh Jain (CA Final year student) (92 Points)

26 September 2007

What is Work tax, how can we apply for the Number to file return and pay tax ?

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11 Replies

CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 27 September 2007

gentleman, what do you mean by 'work tax' and under which Act ?

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Ravikumar.G (Consultant) (18525 Points)
Replied 27 September 2007

You are talikng about works Contract.

(Guest)

its taxable on work contracts.

(Guest)

In maharashtra it is covered under MVat Act.The payment and collection is sim to VAT.The contract in which the both Supply and labour portion is included is called works contract.

Vaira Mutthu (Chartered Accountant) (40 Points)
Replied 27 September 2007

Registration of work contract by way of filing form -a with the CTO of office. please go through the tnvat.gov.in for further clarification

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CA.Saibaburao Nanduri (Chartered Accountant) (3847 Points)
Replied 28 September 2007

Hitesh Jain ! Under AP Vat Act, you have to apply before the CTO having proper jurisdiction.

Ca. Alok Gupta (CA Job) (172 Points)
Replied 17 October 2007

WHAT IS PROCEDURE OF WORK CONTRACT IN MP

(Guest)

what is difference between the VAT and WCT? and what is the relation between VAT and WCT?

(Guest)

Dear alok, your question not clear, u can contact me at 9425176510 between 9.00am to 5.00 pm . regards sunil

CA. O.P. Agarwalla (C.A.) (2916 Points)
Replied 22 November 2007

I would like to submit as follows:- Works Contract tax is applicable only on the transfer of property in goods in the execution of works contract. Works contract or contracts of work where no transfer of property of goods passes in the execution of works contract are out of the purview of VAT or WCT. WCT is ultimately a part of VAT.