Form 406 & 407

[Mukund Honkan]

As per one of the option (Maharashtra VAT), pricipal contractor deposit VAT,down the line sub contrctors are not liable to pay VAT, let us know periodicity of issuing forms whether half yearly or yearly with reference to Sections thanks Mukund M Honkan

AI Summary

Clarification sought on VAT payment responsibility and form issuance frequency for subcontractors under specific sections. A user initiated a query regarding the responsibility of VAT payment in Maharashtra, specifically questioning whether subcontractors are exempt from VAT if the principal contractor deposits it. The user also inquired about the frequency of issuing related forms, whether half-yearly or yearly, referencing specific sections. A respondent asked if the issue had been clarified and requested further information if needed. This exchange took place over a period from January 2012 to February 2015.