AP VAT Notification GO 35 Increase of VAT 12.5% to 14.5%

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M P Singh (Service - Finance & Taxation) (180 Points)
Replied 04 February 2010

Thanks a lot Mr Bala ....kepp it up

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MANISH PANDEY (DEPUTY MANAGER) (49 Points)
Replied 05 February 2010

Thanks Mr. Bala,

My question is this, if A in SEZ unit in AP , a has given order for goods supply to B for their SEZ unit. B is also in AP.Now B has forawrded this order to C who is in WB. C has send goods to A directly and bill to it on B. In this case :

1. Can A can issue Form-I to C?

2. Can this transaction be treated purchase against Form-C by B ?

Thanks.

MANISH PANDEY (DEPUTY MANAGER) (49 Points)
Replied 05 February 2010

Thanks Mr. Bala,

1. Can A can issue Form-I to C?

2. Can this transaction be treated purchase against Form-C by B ?

Thanks.

K Bala Kishan (Working) (631 Points)
Replied 05 February 2010

Hi,

In the above case::::

Mr. 'A' has to issue form 'I' to Mr. 'C' and

Mr. 'B' has to issue form 'C' to Mr. C and also Mr. 'B' has to collect form 'E1' from Mr. 'C' as it is a Transit sale.

Hope your doubt is now clarified.

::Anything where I went wrong please correct me::

Balu

santosh (Accounts Manager) (21 Points)
Replied 05 March 2010

Dear Sir

This is santosh from KMK Eventmanagement Ltd (Catering & Event Management)

as per GO No.35 Increase of VAT 12.5% to 14.5% for the sale of Goods in the Schedule V.

since we have paid VAT on Food sales 12.5%. let me know what is VAT rate of Sale of Food in Catering Business.

Regards

Santosh

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K Bala Kishan (Working) (631 Points)
Replied 08 March 2010

Dear Santosh,

VAT to be charged on Catering Business is 14.5% only. There is an internal clarification within the Commercial Taxes Department about the Catering Business tax rates.

VAT Rate for sale of food in Catering Business in 14.5%.

Regards,

Balu