Increased vat rate from 5% to 5.5% beneficial or harmful

Amit Abhyankar (4 Points)

01 April 2016  

Hello sir,

By 1 st April 2016 VAT rate has increased to 5.5% from 5%

During last year retailers had purchased goods with 5% VAT and today onwords has to sell it at 5.5%.

I think retailer is in loss because of this.

So what to do ?