Whether a civil contractor can opt for composition scheme for a certain project and VAT scheme for few other projects in the same state?
If yes, then how to discharge the tax liabilty and which FORM to be filed VAT 100 or VAT 120.
Also if a civil contractor is opting for composition scheme, then tax is payable @ 4% on the total consideration received as per the notification. What does total consideration mean.. can we deduct anything from this and if yes what are the deduction avialable from total consideration.
Please revert,, with u r suggestions...
CAclubindia
