Hi,
Can any one tell me what will be the MVAT rate on sale of Ayurvedic Oils and Ayurvedic Lep used for curing Orthopedic Problems.... Thanks in Advance
CA Deepak Bafna (CA) (43 Points)
27 December 2012Hi,
Can any one tell me what will be the MVAT rate on sale of Ayurvedic Oils and Ayurvedic Lep used for curing Orthopedic Problems.... Thanks in Advance
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 27 December 2012
Mr Deepak Bafna,
All ayurvedic medicines are liable for 5% VAT (Sch C).........MJK