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Composition scheme

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Querist : Anonymous (Querist)
22 November 2012 A retailer who is in a composition scheme his total purchase is of 5% Vat, so he use to pay 5% on the difference of sales less purchase. if this dealer do OMS purchase than what will be the calculation. whether he should pay vat on total sale or as the same as mention in above case

26 November 2012 Under the composition scheme the tax is payable on the TOTAL sales and not on sales net of purchases.



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