banner_ad

Vat?

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
06 July 2012 what is difference between zero vat rate & exempt vat rate?
Profile Image

CA Hardik Bunha

Profile Image

CA Hardik Bunha (Expert)
06 July 2012 both rate is prescribed in different schedules.

zero vat rate means vat is applicable but not collect.

Exempt rate means vat is not applicable at whole. but still trader has to register himself.
Profile Image

MJ Krishnamurthy

Profile Image

MJ Krishnamurthy (Expert)
06 July 2012 Mr Sanjay Gohil,
In fact, both mean the same thing i.e. exemption from tax. Registration is not required if you are dealing only in exempted goods.While selling such goods you should issue a bill of sale and not a tax invoice.....MJK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details