Guideline on WCT - IRCON's INTRANET SYSTEM!!!

authorities of the State, in time, as may be required by the sales tax /WCT laws
of the State.
5. The project should ensure that no TDS is effected by the client from the
mobilisation advance. Mobilization advance is not subject to TDS as no transfer
of property takes place at that stage.
6. The project should ensure that all the sub-contractors are registered with sales/
works contract tax authorities and also ensure deduction of TDS from sub-
contractors' bills at prescribed rate, subject to exemption certificates as may be
produced by the sub-contractors.
7. The project should also ensure that the TDS effected from the sub-contractors is
deposited to the Govt. exchequer within the prescribed time limit and the
evidence of such payments are preserved on record.
8. The project should ensure issuance of TDS Certificate to the sub-contractors in
prescribed form, within the prescribed time limit.
9. The project should take initiative to collect TDS certificates from the client and
keep a record of the same.
10. The project should, with the help of the local consultant/tax
practitioner/advocate, assess the monthly/quarterly/annual WCT liability and
arrange to deposit the same to the Govt. exchequer, after adjusting the amount
of TDS deposited by the client. The project should also ensure that the payment
is made before the due date.
11. The project should, with the help of the consultant/tax practitioner/advocate
prepare sales tax/WCT Returns at prescribed interval and submit the same to the
tax authorities on or before the due dates.
12. The project should send periodical reports to the CTC in prescribed format for
information of corporate management.
ASSESSMENT STAGE
1. Project to liaison with tax authorities and consultant/tax practitioner/advocate
5