RATE OF TAX UNDER KARNATAKA VAT ACT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2010
Sub: VAT to be charged to our customers
Kindly note we are in the business of textile testing and lab instruments. Our customers are readymade garment exporters . We sell testing instruments, lab consumables, accessories and spare parts for the testing machines. We charge 13.5% VAT and our competators are charging 5% VAT . We want to get it clarified in writing what is the correct kVAT .
Sub: VAT to be charged to our customers
Kindly note we are in the business of textile testing and lab instruments. Our customers are readymade garment exporters . We sell testing instruments, lab consumables, accessories and spare parts for the testing machines. We charge 13.5% VAT and our competators are charging 5% VAT . We want to get it clarified in writing what is the correct kVAT .
CMA Ramesh Krishnan
(Expert)
01 November 2010
If you are covered under WCT the vat rate will be 5 %
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