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Wct percentage of vat

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Querist : Anonymous

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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?
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MJ Krishnamurthy

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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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