when charges PURCHASE @ 1 % TAX RATE ?
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Answer / abhivirthi tax and industrial
In most of the states in India the rate of tax for Wornout or Beaten Jewellery is 1% and while the Jewellery shop owners purchases Wornout or Beaten Jewellery from customers they charge purchase tax @ 1% (or) pay 1% VAT as purchase tax on the purchases disclosing the turnover as Un-registered dealer purchase.
Answer from:
ABHIVIRTHI Tax and Industrial Consultant
R.R.Jagadeesan
H-63, Palaami Enclave,
New Natham Road
Madurai - 625014
Cell: 9994990599
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