Hi,
what's the correct vat rate on luch box, is this 0%, 5% or 12.5%. will you please help me to identify the correct vat rate on lunch box with notification or with some other proof. Please help.
2 Replies
Raghu vender singh
(article assisstant)
(80 Points)
Replied 31 October 2015
VAT rate changes in every state...you have to check in the schedule to the respective State VAT act in which you are currently residing.
Ashpak Ali
(Finance Accounts Manager)
(87 Points)
Replied 31 October 2015
It should be higher rate of tax as per the indvidual states.
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