Wct percentage of vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2012
Dear Sir
WHAT IS THE WCT RATE IN Andhrapradesh, vat applicable on 100% of the value or 70% ?
earlier we use charge on 100% now vendor asking us to charge on 70% value, is that correct?
WHAT IS THE WCT RATE IN Andhrapradesh, vat applicable on 100% of the value or 70% ?
earlier we use charge on 100% now vendor asking us to charge on 70% value, is that correct?
MJ Krishnamurthy
(Expert)
11 December 2012
VAT is applicable on 70% of the total receipts. On 100% of receipts only composition rates 5% is chargeable....MJK
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