16 April 2010
Respected Sir/ Madam, Up to 31-03-2010 Vat Rate applicable on sale to electricity Company or Telecom Company (subject to conditions) was chargeable to vat @4% by virtue of Notification VAT-505/192/Taxation -1 Dt.28.07.06. Is there any change in this Vat rate after the changes to vat rate in Schedule C from 4% to 5% or the Restricted Rate of 4% shall continue.
17 April 2010
Please see the notification. If the rate of 4% is shown without referring to schedule, change of VAT rates in schedule will not affect the notification.
CAclubindia
