23 April 2013
can you tell me, how the purchases are to be shown in Form 233 as builders purchases includes land also. and he is option for payment @1% u/s 42(3A) then how should the purchases by shown as no deduction/set off is available in this case. thanks in advance.
23 April 2013
Under Mah. VAT Act different types of forms are prescribed. Form 233 is to be used for dealers following composition method for payment of VAT. Purchases of material is to be shown in return, if dealer has opted to pay tax @1% as developer and builder, he has to show purchases from RD,s not eligible for VAT, means no setoff is to be claimed on purchases effected from RD's of material and also other kind of purchases like URD, OMS are required to be shown in respective coloumns. Mob.9850350854.