Rajput Jain And Associates

Rajput Jain & Associates

Chartered Accountants

An ISO 9001:2008 Certified Firm

My Regulatory Filing

Works Contract

Works Contract Tax Return

The works contracts are not normal sales. In the normal sale there is a transfer of property in definite or ascertained goods. The goods remain same before and after the delivery of the goods. However, in works contracts it does not happen. The goods before the delivery and after the execution of works contracts are different, many times in different form also.

Fast, Easy & Secure way for Works Contract Tax filling...

E-WCT Returns filling process can be complex.

We can make this simple & Hassle Free

Step by step assistance

For Business-man& work contractor

Our services are quick & affordable.

“The activity is a sale or works contract depends upon the facts, the terms and conditions and the intention of the partiesIn normal practice, we can identify many indivisible/composite works contracts namely construction of a Building, erection of Plant & Machinery, Processing jobs, Job works, Repair jobs, Electrical Fittings, Annual maintenance Contracts (AMCs). Installation of Elevators, Air Conditioners, Repairs of Vehicles, Re-trending of old tyres, Customized Printing Jobs, Electro Plating, electro-galvanizing, anodizing etc.

Rajput Jain & Associates makes it easy for you: 
  • Send a email about your Queries & GET QUOTE immediately
  • Get detailed quote & document requirement list
  • Personal Call with our Business Consultant
  • Fill in 2 page Questionnaire
  • Get your Works Contract Tax Return in Schedule working days assigned

Simple Steps To Work Contract Tax Return Filing!

Step 1

Works Contract Return

Our experts can help you compute your Works Contract return payments, e filesWorks Contract Return and keeps you in compliance with Works Contract Return regulations.

Step 2

Document Collection

Rajput Jain & Associates Works Contract expert will collect the necessary information and documents for preparation of Works Contract return for your business.

Step 3

Return Preparation

Based on the documents and information presented, Rajput Jain & Associates’ Works Contract Return expert will prepare your Works Contract Return and send for your approval.

Step 4

Return Filing

Once the Works Contract Return is verified and approved by you, our Works Contract Return expert will file your Works Contract Return with the sales tax department in your state.

Rajput Jain & Associates’ Works Contract Return expert team included Advocate and CA's. We are providing Works Contract Return filling Services in Delhi; we can work from starting to finish in the areas where we operate. We provide Works Contract Return related following services:

  • WCT Registration
  • Compilation of Annual Returns
  • Filing of Annual Returns
  • Attending Regular Assessments
  • Attending Scrutiny Assessments
  • Obtaining Exemption forms
  • Liasoning with Department

What Are You Waiting For?

  • CONSULTANCY SERVICES

  • We provide Ad-Hoc Consultancy onTDS, Services Tax, Income Tax, International Taxation on case to case basis.
  • As per the requirement of the client, consultancy can be followed by opinion in writing on the issues discussed.
  • Only opinion in writing based on the specific queries of the client.
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  • SERVICES ON RETAINER SHIP BASIS

  • Guidance over phone or email throughout the year.
  • Once in a month/ quarter visit to the client’s premises for test checking the records and solving on the job queries of the operating staff.
  • Draft Reply to the letter received from department.
  • Filing of Monthly/ Quarterly Returns On-line.
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  • INTERNAL, EXCISE, SERVICE TAX, TAX AUDIT

  • To carry out detailed Internal Audit or Compliance Study of the documents generated and records maintained and then submit the report consisting of ‘Financial Implications’, ‘Revenue Loss to the Government’ and ‘Procedural Lapses.
  • This will help to minimise the likely objections from the department during their audit
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  • OTHER RELATED SERVICES

  • Obtaining Central Excise and Service Tax Registration
  • Obtaining ‘Import Export Code Number’
  • In-House Training for operating staff on Excise and Service Tax.
  • E filing of Excise & Service Tax Returns.
  • Preparing Draft Reply for letters received from dept.
  • Handling Show Cause Notices received from the dept.
  • Read More

Frequently Ask Questions (FAQs)

The taxable turnover of a works contractor is determined by deducting the expenses incurred towards labour and services from the gross value received or receivable against the execution of the work.

When expenses towards labour and services incurred by a works contractor are not available and claims are made on such account, then the standard rate as specified in the appendix to Orissa Value Added Tax Rules, 2005 shall be applied.

As in the case of any other dealer, the taxable event takes place when there is transfer of property in goods (in the same form or in any other form) i.e. when the goods are appropriated to the work being executed.

The taxable turnover of a works contractor is determined by deducting the expenses incurred towards labour and services from the gross value received or receivable against the execution of the work.

When expenses towards labour and services incurred by a works contractor are not available and claims are made on such account, then the standard rate as specified in the appendix to Orissa Value Added Tax Rules, 2005 shall be applied.

There is no specific rate of tax for works contract.Goods used in the execution of works contract are deemed sale of such goods.When goods are sold in the execution of works contract, the rate of tax applicable to the goods shall be the rate of tax applicable to such goods.

Yes. A works contractor can claim input tax credit.

The input tax credit is available on the purchase of goods used in the execution of works contract.

A works contractor is entitled to input tax credit on the opening stock as on 01.04.2005.

No. Capital goods purchased for execution of works are not eligible for input tax credit.Is there any composition scheme for the works contractors?Yes. There is a composition scheme for the works contractors.