5% Composition Scheme of MVAT

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Chief Accountant
2828 Points Joined December 2007

 

 

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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On 10 March 2010 at 00:00 Report
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Chief Accountant
2828 Points Joined December 2007

Hey guyes.......

Please give some inputs.

Thanks

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On 11 March 2010 at 11:09
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Chartered Accountant
334 Points Joined September 2009

dear

in composition scheme no setoff.

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On 19 March 2010 at 20:11
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PROPRIETOR
21 Points Joined November 2010

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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On 02 November 2010 at 15:55


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