Works Contract
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2010
My Client is a Private Ltd. Company. They are given contract for electrical fitting and installation, Contract for futniture and such other contract. And contrcator charge MVAT as per composition Scheme @ 8%. Can Company get set off of the MVAT Paid
08 January 2010
under composition scheme , VAT cr not allowed
09 January 2010
under composition scheme, the same rate of wct will be deducted by your contractor and the same can be taken credit against your output tax, but u can not claim any input credit
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