composition scheme in Vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2011
Hi friends this is Siva pursuing cwa nwely registered in ca alub as a member.I am working as an Accountant in OmSai Thermax Engineers which carries works contracts in mes recently got an order from DRDL worth Rs 41,00,000/- now what my question is for this contract whether i have to opt Composite Scheme Or Non composition scheme for VAT payment.The contract is installation, testing and commissioning of AC's and for this contract the input vat on purchases will be approximately 3,50,000/- and also we recive Form 501 from the contractors. Please advise me with the suitable answer it's very urgent
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2011
please resolve the above query
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
