IN RAJASTHAN THERE IS KRISHI MANDI TAX WHICH IS CHARGED @1.6% OF SALE VALUE. MY QUERY IS THAT WHETHER VAT WILL BE CHARGED ON AMOUNT (SALEVALUE+ KRISHI MANDI TAX)OR ON ONLY SALE VALUE (WITHOUT K.M.TAX)? E.G.:- PRICE 100.00 K.M.TAX 1.60 VAT@5% 5.00 TOTAL 106.60 OR PRICE 100.00 K.M.TAX 1.60 VAT@5% 5.08 TOTAL 106.68
PLEASE TELL WHICH IS CORRECT. PLEASE ALSO GIVE REASON FOR YOUR ANSWER.
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