CA CS Amit Borade (Chief Accountant) (2828 Points)
10 March 2010
HI Friends
Please provide the information & setoff rules of MVAT 5% Composition scheme under MVAT for Construction Industry.
Thanks & regards
Amit B.
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 11 March 2010
Hey guyes.......
Please give some inputs.
Thanks
CA. Kishore Choudhary
(Chartered Accountant)
(334 Points)
Replied 19 March 2010
dear
in composition scheme no setoff.
RAMESH NARAYAN KHAIR
(PROPRIETOR)
(21 Points)
Replied 02 November 2010
Dear Sir or Madam,
We would like to know whether VAT payable by retainer under composition scheme has been changed from 8% to 5% on gross profit w.e.f. 01.07.2009 under section 42 of the M.V.A.T. Act, 2002.
Thanks,
RAMESH KHAIR
CAclubindia
