Thanks for your reply. But I want to know whether we can issue form 409 & 406 to our subcontractor, where I am doing sales to my customer @ 8% under composition of MVAT Act.
for e.g. A has awarded me (B) a contract of Rs. 100 (all taxes inclusive). I will collect VAT @ 8% from this sale. I am subcontracting this contract to my sub-contractor (C) for Rs. 80 against NIL Tax, becuase I am issuing him Form 409 & 406. In this case can i issue Form 409 & 406 to my sub-contractor regards Kamlesh
CAclubindia
