22 February 2012
My client is an architect and have a proprietorship concern.
The Income involves receipt on Consultancy and receipts on works contract. Can anyone clarify that : 1. Whether MVAT is applicable on receipt from consultancy. 2. What is the turnover applicable for MVAT registration. 3. If the works contract is 4akh and consultancy income is 2 Lakh, whether VAT registration is required.
CAclubindia
