seeking deatils about vat charge-reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2011 to

respected sir,
I have to questins
1. is there any tax libility is there where i can sell the fish in the market in bulk.
2.can we pay vat tax in sale of goods like fish meal & fish oil extracted from fish.

from
Amzad ali

B R Ramesh

B R Ramesh (Expert)
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05 March 2011 Hi

if the fish is sold in raw conditions not processed VAT will not applicable.

only when it is packed & stored in the cold storage & processed as a brand then only VAT is applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

07 March 2011 Thank you sir,

but what % of tax is chargable 4% or 14.5% as per AP Vat normes When fish is packed & stored in the cold storage & processed as a brand.

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