Non- composition scheme in Works contracts
This query is : Resolved
siva krishna
(Querist)
07 January 2011
Sir if we opt Non-Composition scheme for works contracts is it possible to calculate back caluculation while paying VAT on Bills received
CMA Ramesh Krishnan
(Expert)
07 January 2011
While non composition you need to segregate the value of Material & labour, so gross value of bill need to identify the value of material and do the back calculation
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