seeking deatils about vat charge-reg

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2011 to

respected sir,
I have to questins
1. is there any tax libility is there where i can sell the fish in the market in bulk.
2.can we pay vat tax in sale of goods like fish meal & fish oil extracted from fish.

from
Amzad ali

05 March 2011 Hi

if the fish is sold in raw conditions not processed VAT will not applicable.

only when it is packed & stored in the cold storage & processed as a brand then only VAT is applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2011 Thank you sir,

but what % of tax is chargable 4% or 14.5% as per AP Vat normes When fish is packed & stored in the cold storage & processed as a brand.


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