Rate change
This query is : Resolved
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.
Thanking You
Regards
Suneet
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.
Thanking You
Regards
Suneet
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
