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vat on medical stores

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whether vat is leviable on medical stores,if yes then on what rate leviable in maharashtra and how it is calculated

Replies (3)

It is necessary to provide buyers filed return copy in VAT at Check Post if the authority asked?

Dear Bharat I am to inform you that VAT is leviable on Medical Stores.  In Tamilnadu VAT is leviable at 4% on Drugs and Medicines.  Regarding rate of VAT in Maharashtra I think you have to contact the concerned authorities there.  Originally posted by :bharat
" whether vat is leviable on medical stores,if yes then on what rate leviable in maharashtra and how it is calculated "

 

 

Hi sir I am an accountant I wanted to know how fix the sale amount of retail medical store . Is there any percentage on purchase .bcoz shopkeepers can't assertain sale amount and stock amount . Is there any general practice of accounting plz share your ideas . Vikram Porwal 9823050850


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