SET OFF
This query is : Resolved
20 January 2009
HOW TO CALCULATE SET OFF WHEN THE DEALER HAS OPTED FOR THE COMPOSITION SCHEME IE BOTH 8% AS WELL AS 5%
01 July 2009
These are rates for Composition Scheme in case of Works Contract.
In case the rate is 8%, the set-off would be reduced by 36% of the set-off amount.
In case the rate is 5%, the set-ff would be reduced by 4& of Purchase Price.
In case the rate is 8%, the set-off would be reduced by 36% of the set-off amount.
In case the rate is 5%, the set-ff would be reduced by 4& of Purchase Price.
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