VAT ON MEDICATED SOAP
This query is : Open
23 January 2010
SIR ,
WE ARE SELLING MEDICATED SOAP MANUFACTURED UNDER DRUG APPROVAL & WE HAVE APPROVAL UNDER DRUG ACT.GENERALLY VAT TAX ON SOAP IS 12.5 % .HOWEVER VAT TAX RATE FOR MEDICINE IS 4% .WHAT TAX RATE WILL CHARGED FOR THE MEDICATED SOAP.
THANX & REGARD
WE ARE SELLING MEDICATED SOAP MANUFACTURED UNDER DRUG APPROVAL & WE HAVE APPROVAL UNDER DRUG ACT.GENERALLY VAT TAX ON SOAP IS 12.5 % .HOWEVER VAT TAX RATE FOR MEDICINE IS 4% .WHAT TAX RATE WILL CHARGED FOR THE MEDICATED SOAP.
THANX & REGARD
23 January 2010
No, vat should be charged on soap 12.5% you have not taken permission that your product is used only for medicine. so vat 12.5% to be charged.
23 January 2010
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