Concept of vat
This query is : Resolved
venkatasubramaniyan
(Querist)
21 April 2015
If u don't mind please explain VAT
CA AnKiT BoHrA (AB)
(Expert)
21 April 2015
Vat is a tax charged on the value of goods collected from the purchaser..
Like if you selling a product at 100 and vat rate is five percent... total selling price willbe 105..
Like if you selling a product at 100 and vat rate is five percent... total selling price willbe 105..
CA AnKiT BoHrA (AB)
(Expert)
21 April 2015
For more details your can search on google..you will find details with examples
... It is a state level tax..so different as per state rules
... It is a state level tax..so different as per state rules
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