what is vat rate on lease on Gujarat state for FY 12-13
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What is vat rate in gujarat for lease
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Dear Rakesh
The Rate of VAT on Lease transactions (right to use transactions) is the same as would be applicable on goods. The VAT Rates are mentioned in the Schedule II of the Gujarat Value Added Tax Act, 2003.
I can be more specific, if you can provide the data of the product and nature of transaction.
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