clear idea of section 14 of karnataka value added tax
This query is : Resolved
muttunagouda
(Querist)
30 September 2007
plase expalne me correct treatment of section 14 of karnataka value added tax
CA. Raviprakash M.S
(Expert)
03 October 2007
Section 14 speaks of special rebating scheme for the goods mentioned under clause 5 and 6 of subsection a of sec. 11. the rebate will be to the extent of tax paid over and above 4% for the goods mentioned under above section. If vat is charged at 12.50% in the bill you can claim rebate at 8.50% ie., 12.50 minum 4%.
for further doubts pl write down.
bye.,
for further doubts pl write down.
bye.,
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