Vat

This query is : Resolved 

31 December 2014 what is difference between exempted sales & zero rated sales. Both are non taxable

31 December 2014 The Exempted sales means goods are not liable to VAT and no rate for the same has been provided in the rules. Example : Postage Stamp.
The Zero Rates sales means goods are liable to VAT but rate mentioned in the rules are Zero percent. Example : Books, Clothes



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries