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Vat on books purchased

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2014 Will VAT be applicable if it is purchase of materials like books and stationery from a book depot amounting to more then Rs. 50000?
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Guest

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Guest (Expert)
25 June 2014 vat doest depends on the amount dear... it depends on the state vat policy if item is inculded in state vat list ... vat wil b b charged whether its costing is 50 or 50000
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Rupesh Jain

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Rupesh Jain (Expert)
28 June 2014 vat rate are diff-2 according to the state vat act. there is no relevance of transaction amount.
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