hello guys, i am about to start my bussiness in which i'll be selling gps/gprs devices. can u pleaase tell me how much % VAT i need to pay on the sell.
please also tell me the procedure to pay the tax.
hello guys, i am about to start my bussiness in which i'll be selling gps/gprs devices. can u pleaase tell me how much % VAT i need to pay on the sell.
please also tell me the procedure to pay the tax.
Dear Friend,
Vat on all Electonic devices is 4% as per schedule-C
Whwn you seel these devices to your customer then you will be charge vat amount.
Example.
Basic price 100 (sales value without tax)
Vat @ 4% 4
Total bill value 104 (sale value including tax)
Regards
sabyasachi
8981389871
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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