WORKS CONTRACT TAX IN RAJASTHAN FOR F. Y. 2015-16
The Government of Rajasthan has done major changes in the Works Contract Tax payable in the state of Rajasthan for the F. Y. 2015-16. We are noting below the summary of the Methods for calculation of the WCT Liability on the Contractor and the TDS liability on the Awarder of Works Contract:-
SIr,
we received a contract of Rs. 2000000. In this contract material portion is 60% and the rest 40% is for service. Now my doubt is, how will we calculate WCT on this ??
2000000 is gross amount.
Vat rate is 5% and service tax is 14%.
WCT is 6%.
WCT will be calculated on the amount after charging VAT and service tax???
Dear Neelam,
In your case you will be charging only WCT and VAT is not applicable.
For any specific support please mail to rp@ritulpatwa.com
Regards,
CA Ritul Patwa
Sir,
We awarded a work for construction of bridges
earth work in Railway in the State of Rajasthan.
Please lets know about rate of VAT and service charges if any on works contract in Rajasthan.
Regards
B L PODDAR
Dear Mr. Poddar,
You will have to comply with (a) Works Contract Tax and (b) Service Tax.
Please visit our office with specific contract details for identifying your Tax Liability and compliance requirements.
sir,
wct payment due date
In General Cases – 14th of Next Month
Dear Sir,
I wanted to understand whether can we pay WCT TDS via online.
If so please let us know the procedure.
Thanks in advance
Harish
Hi Harish – Pls mail on rp@ritulpatwa.com