doubt
This query is : Resolved
10 December 2010
experts,
please explain me what is composition scheem. please give me clear explanatiuon
please explain me what is composition scheem. please give me clear explanatiuon
10 December 2010
In VAT's Composition Scheme you have to pay a lumsum % of VAT to the department (2.5% or 3% in delhi) on your Gross receipts. No input benifit is allowed to you and you can't purchase material from out of state.
11 December 2010
thank u sooooooooo much for your nice explanation
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