26 April 2012
please told me in hotel industry how i calculate VAT on sales under compotion scheme. if my total sale is 10000 then how much vat i pay to govt.
27 April 2012
Under composition scheme for hotelier tax is to be paid @5% of gross total sale without deduction u/r. 57.On gross total sale of Rs. 10000/- composition amount payable will be 500/-.
CAclubindia
