some of our suppliers has charged VAT Rate @ 5% instead of 4%, our business is of packing materials,
Q.has the VAT Rates increased? (they are saying VAT has increased.)
subramanya
(Professional)
(907 Points)
Replied 14 April 2010
Originally posted by : john | ||
some of our suppliers has charged VAT Rate @ 5% instead of 4%, our business is of packing materials, Q.has the VAT Rates increased? (they are saying VAT has increased.) |
Mr.John
Pleaase remember that you are in india in which different vat act & rules says different things in each state and let us know which state VAT rate you are discussing ?
So that we can answer your query..!
Subramanya
john
(LEARNER)
(549 Points)
Replied 14 April 2010
dear subramanya
sorry for that
both the buyer & supplier are in mumbai.
subramanya
(Professional)
(907 Points)
Replied 16 April 2010
John,
Its correct
From 1st April 2010, MH VAT department hiked the vat rates.
Subramanya
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961