Dear Sir,
if a dealer in a composition scheme charges full 12.5% of vat and not mentioned in a bill that he is in composition scheme and we have claimed the said vat as set off.
than after department letter comes that because the dealer is in composition u cannot claim setoff and u have to pay the vat.
what can be done in this case.?
You have to pay 12.5% VAT as per department, can not availed VAT when dealer is in composition scheme.
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
CCI
Pro
CAclubindia
