We are manufacturer and Retailer of Readymade Garments. We have franchise across India. If any VAT rule product above Rs.5,000/- higher rate VAT instead of Normal rate. Pls. clarify.
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Vat % for mrp product above rs.5,000/-
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VAT charged @ 12.5% rate above Rs. 5000/- readymade garments.
Refer to Sl No. 57 of Third Schedule of DVAT Act ->
01.04.2005 to 10.05.2005
Readymade garments
11.05.2005 to 31.03.2010
Readymade garments but not including those made of khadi.
01.04.2010
Readymade garments costing upto rupees five thousands but not including those made up of khadi.
Piyush Tanwar
Article Assistant at Tiwari & Associates, Karol Bagh, New Delhi
9717468521
email- imcoolpiyush.tanwar @ gmail.com
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