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
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.
CAclubindia
