W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap
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Vat query
Replies (5)
| Originally posted by : Meenakshi Mehta | ||
 |
W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap |
 |
Please find attached file which gives clear picture on new notification...
Its will be applicable on all goods (Including Decleared)
Refer to the attached notification
| Originally posted by : Meenakshi Mehta | ||
|
|
W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap |
|
HI
On declared goods, VAT rate would continue at 5%
Thanks everyone who has replied.
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