some of our suppliers has charged VAT Rate @ 5% instead of 4%, our business is of packing materials,
Q.has the VAT Rates increased? (they are saying VAT has increased.)
subramanya
(Professional)
(907 Points)
Replied 14 April 2010
| Originally posted by : john | ||
 |
some of our suppliers has charged VAT Rate @ 5% instead of 4%, our business is of packing materials, Q.has the VAT Rates increased? (they are saying VAT has increased.) |
 |
Mr.John
Pleaase remember that you are in india in which different vat act & rules says different things in each state and let us know which state VAT rate you are discussing ?
So that we can answer your query..!
Subramanya
john
(LEARNER)
(549 Points)
Replied 14 April 2010
dear subramanya
sorry for that
both the buyer & supplier are in mumbai.
subramanya
(Professional)
(907 Points)
Replied 16 April 2010
John,
Its correct
From 1st April 2010, MH VAT department hiked the vat rates.
Subramanya
CAclubindia
