Gajanan (Business) (32 Points)
19 June 2017Hi 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?
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 19 June 2017
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
