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We are Work Contractor. Presently we are under going a
infrastructure Project of common wealth Games in Delhi. I
want to know that how much wct will be chargeable on this
project work????
we are generally using material like, aggregate, coarse
sand, bricks, rmc, cement and our labour.
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Answer / ankit jain
plz refer to Gannon Dunkerly v. st of Rajasthan SC
Judgement in 1992, wherein there are 8 heads under which u
can calim expendiyture as ur deductionfrom total contract
value. Moreover, it is a state subject, therefore, it
depend on the state law, what is actually allowed.
Example in haryana, It is upto 33% of total value of WC.
You can also opt for composite tax wherein no deductions
are allowed and u simply pay tax at 2% on total
contractvalue
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