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 CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details