I want to know, that who paid WCT means who accept the burden of WCt and why........plz describe in details Satya beer singh
WCT stands for Works contract tax.
It has been discontinued in the 4 states named Andhra Pradesh, Haryana, Delhi & UP.
Works contract tax leviable on the transfer of property in goods in execution of works contract is taxable in all th states.
In fact WCT is now included in VAT.
The service was introduced on 16.5.2007 that time the rate of tax is 2%
but subsequently government has amended and now the rate is 4% on whole value of construction
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