What is the composition tax rate in Karnataka for works contractors and hotliers
K Sreeharsha (CA Final) (54 Points)
24 November 2011What is the composition tax rate in Karnataka for works contractors and hotliers
praveen
(Chartered Accountant)
(6971 Points)
Replied 24 November 2011
In case of works contract it is generally 5% but if the work contract you are undertaking is not in the list specified under sixth schedule then it shall be 14%
Ramakrishna Bhat
(OWNER)
(57 Points)
Replied 24 November 2011
composition of tax in karnatak is 4% and for small traders is @ 1% under section 15 of the Act
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