composition scheme

john (LEARNER) (531 Points)

23 April 2010  

Mr.x  files six monthly MVAT Return, his current (oct-mar) return has

Pur Net 12.5% 161666    pur vat 12.5% 19145

pur net 4% 156333        pur vat 4% 6254

and accordingingly sales net and Vat at above 13% profit.

does he falls under composition scheme

can any one plz elaborate the "COMPOSITION SCHEME"