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(Querist)
04 March 2014 Dear Sir,
Monthly Gross Receipts average Rs.500000 to 700000 in the business of hotels.what is the vat applicable in tnvat act
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ANANDAKUMAR

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ANANDAKUMAR (Expert)
07 March 2014 As per section 7 (1) (b) of TN VAT Act, 2% VAT should be paid by Non- Star Hotels, Restaurants. But No ITC is eligible on purchases.

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