Tax payable on work contract - composition.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2011 Whether deduction u/r. 57 of tax amount is allowable from gross receipt, if composition scheme is choosed to pay 8% tax. (i) Tax is not seperately charged in bill and (ii)if tax is seperately charged.
For Example :
Gross receipt100000/-
What will be tax payable on sale ?
whether 8000/- or 7407/-
Kindly advice.

The question is related to Maharashtra VAT Act.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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03 November 2011 Mr Author, This pertains to which state?

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2011 The question is related to MAHARASHTRA VAT ACT.

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2011 Related to Maharashtra Vat

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2011 KINDLY REPLY the query

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp

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