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Advocate Amit Bajaj
Section 27 of the Punjab VAT Act, 2005 has been amended to enhance the rate of Works Contract Tax i.e tax to be deducted from payments made to contractors and sub-contractor, from 5% to 6%.
Now after the above amendment rate of WCT will be 6% under Punjab VAT Act, 2005.
The above amendment will be effective from 5th of April, 2013 as the Bill making the above amendments have received the assent of Governer of Punjab on 5th of April 2013 and thus the said bill has become the Act.
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(Author – Amit Bajaj Advocate, Bajaj & Bajaj Advocates, 128, Sangam complex, Milap chowk, Jalandhar City (Punjab), Email: amit@amitbajajadvocate.com, M +919815243335)
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Pls tell that WCT is still there in panjab after implementation of GST. ??????
Sir
My co. in delhi registred I sale (Mincer) in punjab and my purchaser deduct WCT.
Please tell me my co. applicable or not for WCT
Hi! Sir, as we are
contractor so I would like to know if principle employer deduct 6% WCT then how can bifurcate that labour tax rate and supply
Regards
Prakash Sharma
what i sthe WCT interest rate in punjab 2013
What about revision of VAT rates and goods declared tax free announced in the Budget declared by FM Pb.