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We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?

Question Posted / pawan.rokade


We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnat..

Answer / k.ramegowda

WCT Means Works Contract Tax Under Karnataka VAT Act.

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