C.g. vat

Dear Experts, I want to know how Vat is collected from medicine dealer and petrol pump dealer dealer in chhattisgarh or is it exempted?

Replies (2)

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details