Composition scheme u/s 42(3a)
This query is : Resolved
23 January 2014
ONE OF US CLIENT IS A BUILDER AND HE IS CHARGING VAT U/S 42(3A) I.E. 1 %. HE IS ENGAGED INTO CONSTRUCTION AND SELL OF FLATS AND AS PER THE RULES HE IS NOT TAKING SET OFF. BUT UNDER VAT AUDIT IS HE LIABLE TO SHOW HIS PURCHASE TURNOVER ?
AND
ANNEXURE J -2 (SUPPLIER WISE TRANSACTION LIST) IS APLLICABLE OR NOT?
AND
ANNEXURE J -2 (SUPPLIER WISE TRANSACTION LIST) IS APLLICABLE OR NOT?
23 January 2014
PLEASE REPLY TO THIS QUERY AS SOON AS POSSIBLE. THANKS IN ADVANCE
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