Wct rate in bihar state
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2016
Dear Sir,
What is the Rate of WCT in bihar
What is the Rate of WCT in bihar
22 February 2016
In almost all States,except Karnataka, the VAT rates are respective rates applicable to the goods consumed/used in a works contract. Quantity and value of goods used such as cement,steel,electrical and plumbing goods,paints etc.in a contract are to be ascertained from the purchase bills/accounts and stock statements. On this basis separate list are to be prepared for each month for two rated i.e. 5.5% and 14.5% goods for calculating output and input taxes......mjk
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