sir, what is composition scheme
SUDHIR SIR KEE CLASS-IPCC VAT
Page no : 3
CA Sudhir Halakhandi
(PRACTICING CHARTERED ACCOUNTANT)
(13401 Points)
Replied 25 May 2009
See the claculation of VAT for small dealers is not a easy game. If you have gone to a grocer for purchase of goods then you see it is not always possible for them to give you a bill and if they are not able to give bills and invoice for each and every transaction then how they will calculate their tax liability. Further for every small dealer it is not possible to kkep the records required under VAT.
Hence a scheme of composition whereby a ceritan percentages of total sales (ranging between 0.25% to 1%) is deposited by the small dealers under the composition scheme to avoid the complicated procedure of VAT. The composition scheme is optional. The rate of composition scheme differs from state to state since VAT is a state subject .
I will take this in detials in my 3 class.
CA Sudhir Halakhandi
(PRACTICING CHARTERED ACCOUNTANT)
(13401 Points)
Replied 26 May 2009
What is this Mr. Chakraborty!!! This is a serious class for students and not a fun!!! Please keep these type of activities away from this serious mission. Please this is my request. i also request admin to remove Mr. Chakrborty message with a same type of warning to him.
haritha priya
(accountant)
(62 Points)
Replied 26 May 2009
Mr.Chakraborty what do you mean by posting the content which sir has posted?It is very unfair on your part.You do these things just to familiarise yourself in the community.All the students are very serious about sudhir sir's class and why do u do these things here?All the students and members should condemn these kind of activities and nothing should be a barrier for sir's classes.sir please continue your class.
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 26 May 2009
I am waiting for second part of class. Thanks in advance
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 26 May 2009
Agree with Priya..............
and waiting for second parts of Vat class................
Pratik K
(Student)
(3406 Points)
Replied 27 May 2009
I think Mr.Chakraborty has done this by mistake and he must be sorry for that.
Anyway good thing is that Admin has deleted it.
And Sudhir Sir please VAT ki sari classs exam shuru hone se pehle hi khatam kardena.
DEEPAK BHARDWAJ
(ACCOUNTANT)
(38 Points)
Replied 02 June 2009
THIS IS THE BEST EXPLANATION OF VAT I EVER READ. SO THANK YOU VERY MUCH. I WILL KEEP READING YOUR MORE CLASSES THANKS A LOT.
zoha
(ca final)
(43 Points)
Replied 09 June 2009
sir when will u tak composition class i m delibatry waiting 4 it
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