Composite vat rate for karnataka
This query is : Resolved
Querist : Anonymous
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
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%
Querist : Anonymous
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
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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