5% Composition Scheme of MVAT

2324 views 3 replies

 

 

HI Friends

Please provide the information & setoff rules of MVAT 5% Composition scheme under MVAT for Construction Industry.

Thanks & regards

Amit B.

 

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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