frenz
1 of the restaurent ownr is charging VAT on fooodings item @ 13.5%
is dis ryt......... i think it should be 12.5%
plz rply frenzzz.......
i m having the stamped bill.................. in which he calculated and mantioned tha rate n amount of VAT specifically.
In many states special VAT rates were introduced @ 1% over and above the normal benchmark rates,hence the restaurant is dcharging correct rate...
plz give ur suggestions........... may i go to sales tax office n fil complaint against him or not..... coz i am charged wrong.
For which State are you talking about. In Maharashtra, VAT is charged @ 12.5% or 5%.
Please mention for which state.
Regards,
Devendra Kulkarni
thanx atir sir,
bt still i am confused that th highest rate is 12.5%............... i dun face dis typ of situation.
Yes you have the right..
devendra sir i am talking abt (meerut)UP
| Originally posted by : Shivam | ||
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thanx atir sir, bt still i am confused that th highest rate is 12.5%............... i dun face dis typ of situation. |
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google it,VAT rate increased by 1 pc.. and u will see the results. And for ur confusion I know this for the reason that we are taught 12.5% as suggested by the white paper on VAT . The 1pc increase is brought up by change in respective state VAT laws and as devender said some states still have old rates..
UP has 1pc additional VAT
its 12.5%.
just check this out https://comtax.up.nic.in/Vat_Act/SCHEDULE%20without%20notification%20no.-1.4.2010.pdf
IN WB some of the products are 13.5%
In AP some of the products attract VAT of 14.5%
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