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Method of payment of vat for builder in maharashtra

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(Querist)
06 December 2012 which method should be followed for payment of VAT to government?
1.Agreement basic or
2.Amount Received Basic
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@VaibhavJ

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@VaibhavJ (Expert)
06 December 2012 Hi

Generally it should be on receipt basis..

Bcause when payment is made on installment, govt can not expect upfront payment.

Thanks//Vaibhav
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