VAT Query

Dimple (Student) (364 Points)

08 April 2010

In march the vat rate on garments was 14% but it's now again 4%..then, for march vat should be deposited @ 14% or 4%??

please help me at earliest..

thanks in advance..

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5 Replies

SACHIN KHETAWAT (Student) (349 Points)
Replied 08 April 2010

vat shouid deposit @ 4%

Aryan (Sr. Accountant) (242 Points)
Replied 09 April 2010

@ 14% , 4%...aplicable from 1/4/2010.

1 Like

Aninda Ghosh (Accountant) (26 Points)
Replied 13 April 2010

NEW VAT RATE IN STATE OF JHARKAND

Saravanakumar (Student) (36 Points)
Replied 14 April 2010


	You have been collected vat @ 14% in march on garments so you should pay the collected tax ie., 14%. You have no right to hold the colected tax of 10% and paying 4%. It will attract interest and penalty for the 10%. If the rate on garments is @ 4% from April, it is applicable from April only.