Works contract
This query is : Resolved
19 October 2011
How can a works contractor go for composition scheme. What is the procedure of opting to Composition Scheme ?
20 October 2011
Composition option need to be take in the commencement of any financial year, once taken cannot be changed for 3 years
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21 October 2011
As per as Maharashtra is concerned there is no need to opt for composition scheme for work contract ..
In a single financial year you can discharge your vat liability in various options eg. adhoc deduction ( like 30% ) , regular deduction method & composition method ( 5% or 8% ) .
Only condition is that the method should be adopted contract wise...
CA Mayur Zanwar
In a single financial year you can discharge your vat liability in various options eg. adhoc deduction ( like 30% ) , regular deduction method & composition method ( 5% or 8% ) .
Only condition is that the method should be adopted contract wise...
CA Mayur Zanwar
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