Works Contract
This query is : Resolved
Kamlesh Modak
(Querist)
15 February 2009
Hallo Sir,
Thanks for your reply. But I want to know whether we can issue form 409 & 406 to our subcontractor, where I am doing sales to my customer @ 8% under composition of MVAT Act.
for e.g.
A has awarded me (B) a contract of Rs. 100 (all taxes inclusive). I will collect VAT @ 8% from this sale. I am subcontracting this contract to my sub-contractor (C) for Rs. 80 against NIL Tax, becuase I am issuing him Form 409 & 406. In this case can i issue Form 409 & 406 to my sub-contractor
regards
Kamlesh
Thanks for your reply. But I want to know whether we can issue form 409 & 406 to our subcontractor, where I am doing sales to my customer @ 8% under composition of MVAT Act.
for e.g.
A has awarded me (B) a contract of Rs. 100 (all taxes inclusive). I will collect VAT @ 8% from this sale. I am subcontracting this contract to my sub-contractor (C) for Rs. 80 against NIL Tax, becuase I am issuing him Form 409 & 406. In this case can i issue Form 409 & 406 to my sub-contractor
regards
Kamlesh
CA Nitin Wadhwani
(Expert)
15 February 2009
Yes.
U can issue the forms.
U can issue the forms.
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