Vat clarifications

Balaji Rajan (4 Points)

26 April 2016  

We have an Own open Resturant at Chennai containg Ready to eat snacks ,briyanio and chinese  and we pay 2 % of tax ( Form L ) and the yearly turnover is 1 crore,now Sales Tax enquiry the VAT they said Form L is not eligible for 1 Crore so they advice  to pay the Tax of 14.5 %.Kindly clarify the issue.