WCT
This query is : Resolved
Renjith.R.s.
(Querist)
05 February 2011
Can Anybody can explain the concept of WCT under composite scheme and Regular VAT
Rgds........
Rgds........
B R Ramesh
(Expert)
05 February 2011
Hi
WCT means where the labour& material is involved in the business entity.
for ex constuction, erraction, installation,trenching work etc.
the WCT charged at 4% on the total value
& the service tax will be calculated on the total value @ 4.12%.
WCT means where the labour& material is involved in the business entity.
for ex constuction, erraction, installation,trenching work etc.
the WCT charged at 4% on the total value
& the service tax will be calculated on the total value @ 4.12%.
Renjith.R.s.
(Querist)
05 February 2011
Tax charged on full value of sale or any other dedn.permissible.
Kindly explain Sales tax under WCT calculation under
1.Regular VAT
2.Composite VAT
Kindly explain Sales tax under WCT calculation under
1.Regular VAT
2.Composite VAT
B R Ramesh
(Expert)
05 February 2011
Hi
regular vat is 12.5% ( where you can avail the
input credit).
in composition it is 4%( where you cant avail the input credit)
regular vat is 12.5% ( where you can avail the
input credit).
in composition it is 4%( where you cant avail the input credit)
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