CALCULATION OF VAT UNDER COMPOSITION

Harsh shah (Final CA Student) (50 Points)

25 August 2009  

 ONE OF MY CLIENT HAVING T/O OF RS 30 LACS IN THE YR 07-08 WAS UNDER COMPOSITION.

DURING THE YR 08-09 HIS T/O WAS RS 60 LACS.

HOW TO CALCULATE HIS TAX LIABILITY FOR THE YR 08-09.

PLEASE JUSTIFY YOUR ANS THROUGH RELEVANT SEC/RULE/CIRCULAR/NOTIFICATION