Want to know about rule 58


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2015 Dear Experts,

i am working with civil contracting firm which is construction of residential & commercial buildings. Its a pvt ltd co.and we are coming under works contract of composition scheme in mvat. One of our client(developers) is following Rule 58 under MVAT. I want to know that, Is rule 58 applicable to us? if applicable then how will we charge vat in our billing? want to know computation of vat under this rule? how to maintain books of accounts under this rule?
Please send your valuable advice on above querry
Thanks in advance

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2015 IS no body there to answer me on my above querry? please help me out.


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