Rate of tax

This query is : Resolved 

12 August 2009 We trade in computer hardware & spare parts.
Kindly tell the rate of tax which can be charged for computer hardware @ spare parts??
4% or 12.5% ??

13 August 2009 I am doing Audit of a firm engaged in trading of computer software and hardware and i have found it as regular practice of selling hardware at 4%VAT.

In my opinion, VAT @4% should be charged.

13 August 2009 Thanx. N can you please tell me its schedule entry number??




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