Gujarat VAT discussions

Gujarat has increased VAT wef 1st April. We have some confusion about refund of additional VAT.

We are exempted from ST/ VAT and thus seek refund of the input credit.

Please clarify whether refund of 1% Addional VAT is also allowed just as that of 4%?

Thanx/ Vivek

Kindly Refer the notification related to Additional tax of Gujarat

Thanx.

Rgds/ Vivek

Guys Can someone Tell me how is the calculation made after the amendment of levying additional 1 % VAT.?

Just Explain the Billing Structure

Thanks..

For VAT rate @ 4% -Additional Tax @ 1% will be levied

For VAT rates 12.5%, 15%, 16%, 20%, 25%, 60% ..etc., - Additional Tax @ 2.5% will be levied.

Item  100 Qty  100/unit  10,000

Output vat 20%(on assessable value)   2,000
Output Addl Tax @ 2.5%(on assessable value)    250
                                          

Total      12,250

Output vat and Additional tax needs to be shown separately in the invoice

Thanks a lot.....!!!

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