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Vat rate is 13.5%

Shivam (CA Final student) (159 Points)

23 December 2010

frenz

1 of the restaurent ownr is charging VAT on fooodings item @ 13.5%

is dis ryt......... i think it should be 12.5%

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19 Replies

Shivam (CA Final student) (159 Points)
Replied 23 December 2010

plz rply frenzzz.......

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Shivam (CA Final student) (159 Points)
Replied 23 December 2010

i m having the stamped bill.................. in which he calculated and mantioned tha rate n amount of VAT specifically.

Joey Tribbiani (fdg) (2010 Points)
Replied 23 December 2010

In many states special VAT rates were introduced @ 1% over and above the normal benchmark rates,hence the restaurant is dcharging correct rate...

Shivam (CA Final student) (159 Points)
Replied 23 December 2010

plz give ur suggestions........... may i go to sales tax office n fil complaint against him or not..... coz i am charged wrong.

Devendra (Chartered Accountant) (4775 Points)
Replied 23 December 2010

For which State are you talking about. In Maharashtra, VAT is charged @ 12.5% or 5%.

Please mention for which state.

Regards,

Devendra Kulkarni

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Shivam (CA Final student) (159 Points)
Replied 23 December 2010

thanx atir sir,

bt still i am confused that th highest rate is 12.5%............... i dun face dis typ of situation.

Devendra (Chartered Accountant) (4775 Points)
Replied 23 December 2010

Yes you have the right..

Shivam (CA Final student) (159 Points)
Replied 23 December 2010

devendra sir i am talking abt (meerut)UP

Joey Tribbiani (fdg) (2010 Points)
Replied 23 December 2010

Originally posted by : Shivam
	thanx atir sir, bt still i am confused that th highest rate is 12.5%............... i dun face dis typ of situation.

google it,VAT rate increased by 1 pc.. and u will see the results. And for ur confusion I know this for the reason that we are taught 12.5% as suggested by the white paper on VAT . The 1pc increase is brought up by change in respective state VAT laws and as devender said some states still have old rates..