hello guys, i am about to start my bussiness in which i'll be selling gps/gprs devices. can u pleaase tell me how much % VAT i need to pay on the sell.
please also tell me the procedure to pay the tax.
ansul (engineer) (24 Points)
02 August 2011hello guys, i am about to start my bussiness in which i'll be selling gps/gprs devices. can u pleaase tell me how much % VAT i need to pay on the sell.
please also tell me the procedure to pay the tax.
SABYASACHI SAHOO
(SERVICE)
(109 Points)
Replied 04 August 2011
Dear Friend,
Vat on all Electonic devices is 4% as per schedule-C
Whwn you seel these devices to your customer then you will be charge vat amount.
Example.
Basic price 100 (sales value without tax)
Vat @ 4% 4
Total bill value 104 (sale value including tax)
Regards
sabyasachi
8981389871
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
