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This query is : Resolved 
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(Querist)
19 July 2010 I WANT TO KNOW LUMPSUM SCHEME FOR WORKS CONTRACT IS FOR INDIVIDUAL CONTRACT OR WHOLE SALE FOR THE YEAR ?

PLEASE TELL ME ABOUT THE LUMPSUM SCHEME FOR WORKS CONTRACT IN VAT.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 August 2010 Under composition scheme, need to pay the tax on total contract value under concessional rate (both VAT and ST)

Under regular scheme, you can pay norma vat rate with input claim and normal ST
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