TaxTMI 
TaxTMI 
What is tha procedure for taxing contractors (civil) under the Punjab VAT Act?
Contactors Taxation
09 Jun 2011 
1 Reply 
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Works contract tax: contractors must charge WCT, obtain PVAT assessment, and choose among three compliance schemes.
Civil contractors must charge Works Contract Tax and obtain PVAT assessment; tax is deductible from amounts payable to works contractors. Contractors may follow one of three schemes for computing the taxable base: charge WCT on actual supply, apply abatement for services/labour and charge WCT on materials, or adopt a composition scheme. (AI Summary)
Civil contractors must charge Works Contract Tax and obtain PVAT assessment; tax is deductible from amounts payable to works contractors. Contractors may follow one of three schemes for computing the taxable base: charge WCT on actual supply, apply abatement for services/labour and charge WCT on materials, or adopt a composition scheme. (AI Summary)