frenz
1 of the restaurent ownr is charging VAT on fooodings item @ 13.5%
is dis ryt......... i think it should be 12.5%
19 Replies
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
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.
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..
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 24 December 2010
IT IS FOR THE INFORMATION OF ALL CONCERNED
THAT BY VIRTUE OF AN AMENDMENT MADE IN
THE WEST BENGAL VALUE ADDED TAX ACT, 2003,
THE GOODS WHICH ARE PRESENTLY TAXABLE
@ 12.5% UNDER SCHEDULE-CA TO THE ACT,
WILL ATTRACT TAX @ 13.5% ON SALE OF SUCH
GOODS, ON AND FROM 15.11.2010 (FIFTEENTH
DAY OF NOVEMBER, 2010).
COMMISSIONER, COMMERCIAL TAXES, WEST BENGAL COMMISSIONER, COMMERCIAL TAXES, WEST BENGAL
Bhav Bhuti Sharma
(Towards Professionalism )
(823 Points)
Replied 24 December 2010
just check this out https://comtax.up.nic.in/Vat_Act/SCHEDULE%20without%20notification%20no.-1.4.2010.pdf
Arijit Ghose
(Article assistant)
(816 Points)
Replied 24 December 2010
IN WB some of the products are 13.5%
In AP some of the products attract VAT of 14.5%
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
