Composite vat rate for karnataka

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2013 Dear Experts,

Can anyone tell me what is the Composite VAT rate & turnover limit to avail the Composite option.

We are into Construction business from Karnataka,

Regards



04 February 2013 Presently the Composition rate of tax is 4%

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 February 2013 Dear Hari,

I would like to no the threshoild limi to avail the composite scheme i.e gross turnover.

Regard

05 February 2013 Incase of construction contracts there are no threshold limits specified under the Karnataka VAT. The dealer under works contract can opt for composition scheme having any TO.


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