Hi
Can anybody tell me what is work contract Tax ? Is it like Vat?
7 Replies
Sanjeev Kumar
(Private)
(895 Points)
Replied 07 July 2008
WCT is a nature of transaction which is taxable under VAT as well as service tax.
naveen jain
(Chartered Accountant)
(57 Points)
Replied 07 July 2008
wct is like TDS deducted by a payer as specified by law
Anil Kumar Mishra
(Accountant)
(24 Points)
Replied 01 December 2008
Work Contract Tax is like VAT which is aaplicable on mainly construction contract,Annual maintence & Job work.
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