What is the % of WCT under VAT Rules in Delhi?
Answers were Sorted based on User's Feedback
Answer / vivek agarwal
WCT on payments made to various parties are to be deducted
When the party supplies both material and labour in
pursuant to a contract. The rate of deduction is 4%, when
the party is not having Vat Registration number or at 2%,
when the party is having Vat Registration number.
Is This Answer Correct ? | 213 Yes | 38 No |
Answer / b.mishra
Under cmposit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
Is This Answer Correct ? | 112 Yes | 27 No |
Answer / arunkumar
wct under vat rules in delhi 4%. if all the work do by
contracter.
Is This Answer Correct ? | 36 Yes | 22 No |
Answer / rajeev
WCT RATE FOR THE CONTRACTOR FOR 4% FOR NET SALES VALUE
Is This Answer Correct ? | 19 Yes | 12 No |
Answer / vipin kumar shukla
wat always bieng on composite work, but it should be not
@the material value.its only on labor supply.just for a
inatance:Manufacturing of aircraft,there would be wct(work
contract tax)its 4%withought c form &2% with c form
Is This Answer Correct ? | 9 Yes | 4 No |
Answer / varun singhal
WCT @ 12.5% on 80% of the Actuals
and
Service Tax @ 12.36% on 70% of the Actuals
Is This Answer Correct ? | 10 Yes | 5 No |
Answer / madhanagopal
We are Civil work contractor we got order from X company
and we will place sub-contract to A and A will raise the
bill to us with abatement basis service tax 4% we will pay
100% amount shall we take service tax credit or not.
please clarify.
Madhanagopal
Is This Answer Correct ? | 9 Yes | 7 No |
Answer / jai singh
Under composit work contract the WCT rate for registered
contractor is 2% and 4% for non-registered contractor.
Is This Answer Correct ? | 6 Yes | 4 No |
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