HI Friends
Please provide the information & setoff rules of MVAT 5% Composition scheme under MVAT for Construction Industry.
Thanks & regards
Amit B.
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5% Composition Scheme of MVAT
Replies (3)
Hey guyes.......
Please give some inputs.
Thanks
dear
in composition scheme no setoff.
Dear Sir or Madam,
We would like to know whether VAT payable by retainer under composition scheme has been changed from 8% to 5% on gross profit w.e.f. 01.07.2009 under section 42 of the M.V.A.T. Act, 2002.
Thanks,
RAMESH KHAIR
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