what is wct? what is it applied ?
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Answer / nichit pandurang
WCT means Works Contact Act
WCT is applied in case of any vendor suppling material or
labour on behalf of contractor on that time WCT will
deductable
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / sagar
WCT depends upon state by state. its a flat rate at which no
input credit on any material purchased is given to you
(since on VAT credit of Input can be claimed and net amt is
deposited to govt). you have to pay a flat rate of 2 % on
turnover(ie, contract amount) to government or ur contractee
will deduct WCT while making payment to u. you (the
contractor) can claim WCT as ur direct expense.
| Is This Answer Correct ? | 9 Yes | 7 No |
Answer / shatrudhan sinhg
WCT means Works Contact Tax
WCT is applied in case of any vendor supping material or
labour on behalf of contractor on that time WCT Tax Applicable
| Is This Answer Correct ? | 0 Yes | 0 No |
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