My client opted, after awarding the project, composit scheme (4% on T.O) by submitting Form 250. At the middle of the project (Total Duration of the project : 9 Months. 50% of work completed during the last 4 months), he is intending to change from composit scheme to regular schme (12.5% tax & input tax credit availing). Is it possible under the VAT act?
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