Addtional vat

This query is : Resolved 

26 November 2015 WHY ADDITION 1% & 2.5% VAT IS CHARGED

26 November 2015 u r from gujarat ?


Its charged as its law.

26 November 2015 I know its in law

but i want to know is there any specific reason for the additional vat.



26 November 2015 Actually Additional VAT Introduced for making more revenue... Its not like this will go for this purpose or so as in case of Education Cess or Secondary Higher Edu Cess or Swach Bharat Abhiyan Cess.

Its for just revenue purpose.

27 November 2015 This additional VAT is levied in lieu of octroi. Since octroi was not creditable against VAT, the Government, on representation by various dealers, introduced additional VAT in place of Octroi.

27 November 2015 Thanks for clarifying



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



Unanswered Queries