What is the composition tax rate in Karnataka for works contractors and hotliers
2 Replies
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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