Hi All,
As per new amendments in MVAT Law, all builders are required to pay VAT @ 1% on Advance receipts from customers.
In my case customers are ready to pay entire amount of MVAT & ST in advanced it means they will pay flat cost in future but they are ready to pat MVAT & ST to avoid higher rate of GST in future, is this allowed?
M N Rao & Associates LLP
Vijayawada
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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CCI
Pro
CAclubindia
