whether vat is leviable on medical stores,if yes then on what rate leviable in maharashtra and how it is calculated
3 Replies
ranganath
(practitioner)
(226 Points)
Replied 17 July 2009
It is necessary to provide buyers filed return copy in VAT at Check Post if the authority asked?
Dilip Kumar K
(Assistant Commissioner (CT) Retired)
(28 Points)
Replied 18 July 2009
| Dear Bharat I am to inform you that VAT is leviable on Medical Stores. In Tamilnadu VAT is leviable at 4% on Drugs and Medicines. Regarding rate of VAT in Maharashtra I think you have to contact the concerned authorities there. Originally posted by :bharat | ||
| " | whether vat is leviable on medical stores,if yes then on what rate leviable in maharashtra and how it is calculated | " |
Vikram
(accountant )
(21 Points)
Replied 12 March 2016
Hi sir I am an accountant I wanted to know how fix the sale amount of retail medical store . Is there any percentage on purchase .bcoz shopkeepers can't assertain sale amount and stock amount . Is there any general practice of accounting plz share your ideas . Vikram Porwal 9823050850
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