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our Consinor Vat rate @14.5%(revised rate) In pujab , is the
same rate applicable in A.P.
Ex:I have billed 10 auto tubes each @ 120/- = 10*120=1200 +
vat 14.5% = 174 total bill value Rs.1374/-...can we collect
14.5% vat or 12.5%(in A.P.) vat from customer..
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Answer Posted / abhivirthi tax and industrial
In India CST Rate of Tax is 3 per cent from 1.1.2007 to
31.5.2008 and 2 per cent from 1.6.2008 onwards which are
covered by C Forms. If the inter-State sales were not
covered by C Forms local VAT rate of the selling State is
applicable.
Reply from:
ABHIVIRTHI Tax and Industrial Consultancy
R.R.JAGADEESAN
VAT Practitioner and Industrial Consultant
H-63, Palaami Enclave
New Natham Road,
Madurai-625014
Cell: 9994990599,
| Is This Answer Correct ? | 4 Yes | 0 No |
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