03 October 2007
Section 14 speaks of special rebating scheme for the goods mentioned under clause 5 and 6 of subsection a of sec. 11. the rebate will be to the extent of tax paid over and above 4% for the goods mentioned under above section. If vat is charged at 12.50% in the bill you can claim rebate at 8.50% ie., 12.50 minum 4%. for further doubts pl write down. bye.,
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