Vat composition scheme
Querist : Anonymous
I would like to know what are the exact conditions to enter into a Vat Composition Scheme for the Accounting year 2014-15.Is there no input tax credit available on the purchases?Who all can enter into vat composition scheme?IS this Vat composition scheme available for Works Contract dealing in electrical & mechanical items?For that also the Gross turnover should be less than Rupees 50 lakhs?
Querist : Anonymous
Querist : Anonymous
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