We are dealer retailer of cotton cloth and pu coated fabric used in rubber footwera making industry.
So far 0% tax was levied on same.
But have been hearing from 1st may the following have been added to 5% vat.
I am unable to find the circular or rule of same on net.As its still confusing and i have made purchases and for sales i dont have idea whether tax must be charged on it or not?
CAclubindia
