C.g. vat

what is vat rate for medical store and small canteen business in chhattisgarh?

   Mr G Jain,

   Medicine dealer have a provision in many sttes to include tax in MRP. According to Drug Control Act also,a drug can not be sol at a price above MRP. First tax rate is reduced to 5.5% and it is allowed to be included in the MRP. VAT payments are made to the govt by calculating as per agiven formula.Similarly,in the case of petroleum products like petrol and diesel,first vat is collected from the oil psus and the retail bunks are permitted to pay tax by including in MRP.Sales are estimated by adding permitted commission on the quantity bought as per purchase bills .......mjk