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Explain the difference between form 402 & 403?? And also explain when the both are required??
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Mr. A has effected Purchases by way of works contract from Mr. B, a supplier, who discharges VAT under Composition scheme. VAT is seperately shown in invoice raised by Mr. B to Mr. A.
Mr. A is not paying VAT under composition scheme. Can Mr. A claim set off of VAT charged by Mr. B ?
What are the relevat provisions under MVAT Act?
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