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Collection of vat in case of compounding scheme urgent pls

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2012 Dear Sirs

We are contractors of panthal and Shamiyana in Mumbai for exhibitions. We compounded with the VAT authorities for payment of VAT in 4 quarters @1.5% of the turnover. Shall we collect VAT in our bills from client
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
15 January 2012 Mr Author,
Generally, a trader under a composition scheme is not permitted to collect the tax payable by him from his customers.
MJK

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