Please Help: WCT
Posted Date : 17-May-2011 , 12:54:30 am | Posted By: Rajat Bhatia
Category :
VAT | Answers :
2|
Comments :
1| Hits: 757
|
|
if a building is constructed by a contractor & bill is raised as per labour rates i.e. the contractor is only providing his labour & the material like bricks, cement etc is provided by the contractee.. then does the contractee require to deduct WCT on pay |
 |
|
|
Answers:
|
 Answer by: CA Satuti Mahajan |
| yes
|
| Answer by: Vaneet Gupta |
| Yes
|
|
|
| Comments |
| Posted By : Amrish Gupta |
17-May-2011, 01:38:33 |
| Rajat..........contractee is only required to deduct WCT when the contract is of both material & labour.....Moreover u have to consider ur local state VAT laws for the minimum amount of contract on which WTC is to be deducted. |
| |
|
|
|
|
