Fabrication & Iron Works GVAT rates

This query is : Resolved 

14 August 2009 Dear Sirs,

Pls tell me the rate of GVAT on Fabrication & Iron Works Factory
How much they can collect from TAX invoice ? is it 12.5% or 4% VAT.
and tell me also that does they can give retail invoice with VAT i.e Do they Collect VAT from Retails invoice ?
Pls reply me urgently

Thanks for reply in advance

15 August 2009 Since iron falls in entry no 43 of GVAT schedule, hence rate of tax is 4%, VAT cann't be collected on retail invoice.

15 August 2009 Thanks Arun

will you Pls give me the Guidence about what kind of records they have to maintain for GVAT after Registration under GVAT ?

and also they are paying 12.5% of VAT on Purchase of raw material, So will they can take credit of 12.5 % of VAT in VAT Calculation ?

Waiting for reply

Thanks once again


15 August 2009 Thanks Arun

will you Pls give me the Guidence about what kind of records they have to maintain for GVAT after Registration under GVAT ?

and also they are paying 12.5% of VAT on Purchase of raw material, So will they can take credit of 12.5 % of VAT in VAT Calculation ?

Waiting for reply

Thanks once again



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