VAT

Dear Friends I want to know more and more about VAT and vat rates and in which field it is levied

 

plz resolve my query

Replies (3)

i want infrmn abt vat

Karishma vat is value added taxes ,there r specified aricles/goods on which govt levies sales tax @ 4%,8%,12.5% on the intra state sales purchase or sales,For this the trader has to get registration under vat act .In the same way for the inter state sales or purchase the trader requires cst registration. The trader pays output tax on sales &gets  input tax credit on purchases and submits quarterly vat return in RT-1,RT-2. for further information email me on rahulbeta @ sify.com.

 

 

hi krishma

thanks for given me VAT detail

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