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medical composition scheme - mvat

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(Querist)
20 July 2011 what rate is applicble for composition dealer who is carrying on medical business in mvat?
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Nitin Lakhmani

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Nitin Lakhmani (Expert)
20 July 2011 The applicable rate is 6% for the retailers whose at least 3/4th of the turnover of sales of goods is of drugs covered by Schedule Entries C-29 & C-29A.
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