vat query


This query is : Resolved 

(Querist)
31 December 2008 dear sirs

first of all wish u very happy new year

what are the goods which comes under 12.5 vat limit

thanx

Taxguy (Expert)
01 January 2009 All goods not coming under other schedules of VAT Act fall under the residuary rate i.e 12.5%.

Ravikumar.G (Expert)
01 January 2009 12.5% RNR (Revenue Neutral Rate) on other goods.


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