Vat on books purchased
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2014
Will VAT be applicable if it is purchase of materials like books and stationery from a book depot amounting to more then Rs. 50000?
Guest
Guest
(Expert)
25 June 2014
vat doest depends on the amount dear... it depends on the state vat policy if item is inculded in state vat list ... vat wil b b charged whether its costing is 50 or 50000
28 June 2014
vat rate are diff-2 according to the state vat act. there is no relevance of transaction amount.
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