Addtional vat
This query is : Resolved
CA NEHA BIYANI
(Querist)
26 November 2015
WHY ADDITION 1% & 2.5% VAT IS CHARGED
CA Mehta Ankur N.
(Expert)
26 November 2015
u r from gujarat ?
Its charged as its law.
Its charged as its law.
CA NEHA BIYANI
(Querist)
26 November 2015
I know its in law
but i want to know is there any specific reason for the additional vat.
but i want to know is there any specific reason for the additional vat.
CA Mehta Ankur N.
(Expert)
26 November 2015
Actually Additional VAT Introduced for making more revenue... Its not like this will go for this purpose or so as in case of Education Cess or Secondary Higher Edu Cess or Swach Bharat Abhiyan Cess.
Its for just revenue purpose.
Its for just revenue purpose.
Tapas Ruparelia
(Expert)
27 November 2015
This additional VAT is levied in lieu of octroi. Since octroi was not creditable against VAT, the Government, on representation by various dealers, introduced additional VAT in place of Octroi.
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CA NEHA BIYANI
(Querist)
27 November 2015
Thanks for clarifying
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