whether vat is leviable on medical stores,if yes then on what rate leviable in maharashtra and how it is calculated
ranganath
(practitioner)
(226 Points)
Replied 17 July 2009
It is necessary to provide buyers filed return copy in VAT at Check Post if the authority asked?
Dilip Kumar K
(Assistant Commissioner (CT) Retired)
(28 Points)
Replied 18 July 2009
| 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 | " |
Vikram
(accountant )
(21 Points)
Replied 12 March 2016
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
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
