Please let me know what is Form 405 and 406 used under MVAT. And also its significance with composition scheme of works contract.
Shruti Bhatia (PCC Inter) (54 Points)
27 July 2010Please let me know what is Form 405 and 406 used under MVAT. And also its significance with composition scheme of works contract.
Mandar Deshmukh
(Article Assistant)
(78 Points)
Replied 27 July 2010
Form 406 is a declaration by the Contractor (Principal) that he certify that the works contract awarded to him has been partly / fully executed through his agent mentioned, who is also a registered dealer and the details about contract amount and WCT TDS are required to be mentioned.
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