Vat rate issue
This query is : Resolved
15 October 2013
I have purchase Havells Electricity Wires and the distributed charged 12.5% vat on it but as per schedule 3 in Vat, Vat rate is 5% on Wires. so anyone can help me about the rates, is vat chargeable on 5% or 12.5%??????????????
15 October 2013
without mentioning the state name .it cannot be replied correctly as VAT rate vary state to state
15 October 2013
it should be @12.5% as it not covered . can you share under which entry it is is 5%
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