Vat rate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2012 Dear sir,

In the speed meter manufacturing company, if we purchase the raw material i.e wire at the rate of 5% vat and then after production we are sale of speed meter i.e finished goods.In this case, what will be selling vat rate which we have to added in selling value.

Pls give me a valuable and meaningful instruction for regarding this matter.

Thanks & Regards
Mahesh Jain

Vishnu Saboo

Vishnu Saboo (Expert)
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29 June 2012 u must refer schedule of ur state VAT act for your product.

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2012 thanks for your suggestion but can u send me another meaningful and clearful advise for regarding that.

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