WCT rate in Punjab enhanced from 5% to 6%

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.

The Act making the above amendments can be downloaded herebelow:

ACT of 2013

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