Dear Colleauge,
One of my friend wants to register his proprietory business under MVAT act. According to the business activity he explained to me i told him to register under works contract composition scheme.
My question is, whether he can get registration under the aforesaid activity Voluntary/mandatory?
If mandatory then he need to show the invoice pertaining to goods only or both( goods & service) and in order to compute the threshold limit of Rs.5lac. it cover only goods related item or both i.e. (goods& service)?
Please guide me.
Thank you.
CAclubindia
