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Classification of VAT percentages (VAT)

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This query is : Resolved


( Author )
30 March 2009

Vat is being charged at the rates of 12.5%, 4% & and even 1% sometimes

is there any classification regarding those rates applicable for a specific type of goods
like so and so goods have to be charged at the rate of 12.5% or 4 or 1

plz help me with this

thank you


C A GROUP COACHING

( Expert )
01 April 2009

SCHEDULES REGARDING CLASSIFICATION OF ALL SUCH PRODUCTS & RATES HAVE BEEN GIVEN BY ALL STATES. IN THEIR VAT ACT


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