Vat % for mrp product above rs.5,000/-

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