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Please Help: WCT rates of Deduction in Delhi State

Posted Date : 13-Feb-2013 , 11:53:14 am | Posted By: Bhuwan Sharma

Category : VAT | Answers : 1| Comments : 3| Hits: 2343

Please let me know, what is the rate of deducion for WCT (VAT-TDS)in delhi State. If you have any circular about VAT TDS , plz send me that link.

   Answer by: Mrattunjay
Posted By : SUMIT JHA 01-May-2013, 11:38:27
Posted By : Riyaz Ahmad 16-Feb-2013, 12:16:12
I think my friend Abhishik sarawat say wrong , Bcz VAT will be Charge on 67% of Basic amt and service tax 33% of basic amt.
Posted By : Abhishek Saraswat 13-Feb-2013, 03:32:55
There is special provision regarding wct in dvat i.e. vat calculation is on 80% of basic amt. of goods and service tax calculation on 33% of basic amt.... for example: Basic amt. =100 vat rate (say 4%)=(100*80%)*4%=3.2 Service tax (Say 12.36%)=(100*33%)*12.36%=4.0788 Gross amt.=100+3.2+4.0788=107.2788

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