13 November 2013
What is the VAT rate of cement in the state of Bihar. Is there any possibility of getting the copy of the notification. I tried my level best to get the notification from official website of Bihar state.
13 November 2013
What is the highest VAT rate in the state of Bihar. I was guided to consider the 14.5%. Is it correct. Is there any notification copy can be provided?
13 November 2013
Some cement companies in Bihar state are chrging 13.5% (11.04.2013)& some are charging 14.5% (22.05.2013). Basing on the highest percentage of certain cement companies, we are showing the 14.5% rate in our sales tax returns. the main problem we are getting is the VAt rate of 13.5% input will be less comparing to 14.5%.
What step we have to do to get the balance 1% (actual value of input we are loosing is quite high)
How are you losing value of input. You are claiming what you paid while purchasing. So whether it is 13.5% or 14.5% is immaterial to you. The person who should worry is the seller at 13.5%.
CAclubindia
