Composition vat for construction co - urgent

shruthi.v.ramu (Senior Associate @ Grant Thronton US)   (72 Points)

04 July 2013  

Hi 

Can anyone tell me Composition scheme of VAT for construction company

 

A company which is availing composition benefit is not suppose to avail input tax credit but 

i have heard that  a construction company can avail input tax credit  of there sub contractors

Kindly brief me on this