Composition scheme question
This query is : Resolved
10 February 2012
UNDER MVAT ACT,
CAN A DEALER GET SETOFF OF GOODS PURCHASED FROM A COMPOSITION SCHEME DEALER.....PLEASE PROVIDE ME SOME SUPPORTING LIKE SECTION OR CASE ....ITS URGENT ...HELP !!!
CAN A DEALER GET SETOFF OF GOODS PURCHASED FROM A COMPOSITION SCHEME DEALER.....PLEASE PROVIDE ME SOME SUPPORTING LIKE SECTION OR CASE ....ITS URGENT ...HELP !!!
11 February 2012
Under MVAT Act composition dealer except work contrat, can not charge tax seperately. Purchaser is not entitle for setoff on purchases unless he hold tax invoice wherein tax is seperately charged. 9850350854.
Message likes :
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13 February 2012
Please tell me any reliable source - case OR section for the above.
13 February 2012
For claiming credit of input tax, TAX INVOICE is must.
Ref.
Sect. 86(2)- Tax invoice--
Sect 48 Setoff--
Rule - 52(1)(a) Claim & grant of setoff
9850350854
Ref.
Sect. 86(2)- Tax invoice--
Sect 48 Setoff--
Rule - 52(1)(a) Claim & grant of setoff
9850350854
14 February 2012
thanks for your reply
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