What is WCT rate?
What is WCT rate? Works contract tax (WCT) is a tax imposed on a contract for work such as assembling, construction, building, altering, manufacturing, processing, fabricating, installation, improvement, repair, or commissioning of any movable or immovable property. What is WCT GST TDS? Tax Deducted at Source (TDS) under Goods and Service Tax. As per the GST law, certain notified registered persons will be required to deduct these taxes while making payments to the registered supplier. In other words, TDS under GST shall be deducted and deposited with the government. Is WCT applicable in GST? Thus, GST has removed the confusion...