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Vat or excise?

This query is : Resolved 

Querist : Anonymous


Querist : Anonymous (Querist)
For an assessee who is into business of selling sweets, whether vat will be applicable or excise?
what if the assessee makes sweets n then sells?


Good question
VAT is applicable on every goods sale , so applicable on sweets also.

About excise other opinions are invited

Querist : Anonymous


Querist : Anonymous (Querist)
For an assessee who is into business of selling sweets, whether vat will be applicable or excise?
Thank you Sir. But is composition scheme available or it is available only in case of civil constructions?
what if the assessee makes sweets n then sells? is excise applicable?

Mr Author,
VAT is applicable on sale of sweets whether you manufacture or not.There are composition rates also in many states,like for hotels and bakeries.No info about excise....MJK

I agree with all the experts


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