Weather W.C.T should be deducted on advance payment?
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Answer / raveendran t m
In my opinion W.C.T at the applicable rate may be deducted
on advance payment.However in cetain cases it is seen that
W.C.T may not be deducted on advance payment but it will
deducted at the time of settlement of bill, as convenience
or avoiding complications.
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / suresh reddy
W.C.T on Advance / Mobilization advance should not be
deducted. because mobilization / advance will be recovered
on monthly running bills. W.C.T is applicable on actual
work done at site. If WCT recovered on advances, WCT on
running bill should calculate on monthly work done value
after deducting certain percentage of advance. its
complicated process.
| Is This Answer Correct ? | 7 Yes | 0 No |
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