Composition scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2012
A retailer who is in a composition scheme his total purchase is of 5% Vat, so he use to pay 5% on the difference of sales less purchase. if this dealer do OMS purchase than what will be the calculation. whether he should pay vat on total sale or as the same as mention in above case
CA. Hari Kishan
(Expert)
26 November 2012
Under the composition scheme the tax is payable on the TOTAL sales and not on sales net of purchases.
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