MY CLIENT HAVE RD MEDICAL SHOP WITH COMPOSITION SCHEME ..MY PROBLEM IS WHATS THE RATE OF VAT .... 1) 8% ON SALE MINUS PURCHASE 2) 1.5% ON TOTAL SALES PLEASE REFER ME CODE OF THAT
18 January 2016
there is two option in Maharashtra 1% if you pay on entire turnover including Exempt goods. Option if you pay option to Pay COT on 1.5% on turnover sales on taxable goods. refer Trade circular VAT/AMD/2014/8/ADM-8
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