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mvat

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2011 dear All,

i have qurey regarding MVat for outdoor catering business as follow

1. rate of mvat under composite scheme

2. can i take sett off of Mvat or not ???? & if yes then how much sett of can i take pls. suggest me

Regards,

Nitin oza
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B R Ramesh

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B R Ramesh (Expert)
25 June 2011 Hi

since you are registered under COT (composition scheme) you can set off.

it is possible only under VAT
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