Vat not seperately imposed
This query is : Resolved
06 February 2010
Dear Expert,
I need clarification on the following matter:-
If MVAT is not seperately imposed on bill while selling the goods then Whether it is consider that whatever consideration received is inclusive of VAT or Bill value liable to Taxable seperately.
If there is any circular or provision in Law pls tell us accordingly.
Your,
CA Radhesham Bhutada
carmbhutada@gmail.com
I need clarification on the following matter:-
If MVAT is not seperately imposed on bill while selling the goods then Whether it is consider that whatever consideration received is inclusive of VAT or Bill value liable to Taxable seperately.
If there is any circular or provision in Law pls tell us accordingly.
Your,
CA Radhesham Bhutada
carmbhutada@gmail.com
09 February 2010
Refer Rule 57. All the consideration received will be inclusive of tax.
Regards
Regards
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