Vat query

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

 

 

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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