Is WCT liable to be deducted in Whole of Invoice Value?
(including VAT & Service Tax)

Answer Posted / rajesh gupta

Liability of deduction of WCT is only on the basic value because discharge of liability of tax is only on the basic and not on any type of tax.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What was use of tally erp 9? Types of vat?

1185


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2053


Short Answer on __________Trade

1460


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1465


what is the core accounts

1686






you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2272


Reserve Capital and Reserve Capital

1784


Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com

1795


what is debit/credit note ? what deffered income and expencess?

2293


AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

1731


What is Free Cash?

1763


what are the different causes for discrepencybetween the balance of cash book and pass book

1471


what salary you expect???

1696


what are the differences between Tally and Focus?

7399


please provide wct retun guide line how can prepaire that

1912