Reg Vat
This query is : Resolved
23 April 2009
What is Vat?
What is the current rate?
What is the current rate?
24 April 2009
VAT is value Added tax and is leivable on the value of sales made by a dealer at the point on each sales till it reaches in the hands of the final consumer. The intermediary dealer gets the a credit of the VAT on his input purchases.
VAT being an indirect tax and a state subject, the rates for different goods in differnt states may be different.
VAT being an indirect tax and a state subject, the rates for different goods in differnt states may be different.
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