Composition Scheme under UP VAT Act, VAT + CST

[meil megha]

What is the rate of Out put tax when the contractor opted for Composition under UP Vat Act

Posts / Replies

[Pradeep Khatri]

Dear Meil,

Composition Scheme:-Specified for Small Traders -5 to 50 Lakhs at the rate of VAT 1 percent .

Team YAGAY & SUN

(Indirect Tax Consultants)

[meil megha]

whether the rate is same for works contractor also

[Pradeep Khatri]

Dear Meil,

No rate of tax would be different from the rate under the composition scheme under UP VAT Act,2008 depending on the nature of goods involved in execution of works contract.

Regards,

Team YAGAY & SUN

(Indirect Tax Consultants)