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Is WCT liable to be deducted in Whole of Invoice Value?
(including VAT & Service Tax)
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Answer / yatin
Dear ,
WCt TDs liable to deduct only on "Actual Amt. of Inv.
excluding any tax" i.e. (100 + 12% vat = 112/- then wct
applicable to 100/- rs. only & not on 112/- ok........
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / devidas
WCT is not deducted in whole of invoice value.WCT is
deducted from (basic+service tax)
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / rajesh gupta
Liability of deduction of WCT is only on the basic value because discharge of liability of tax is only on the basic and not on any type of tax.
| Is This Answer Correct ? | 0 Yes | 0 No |
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