What is the rate of VAT ( tax + SC ) in Punjab for Rice.
satyendra kumar singh (Manager-Finance & Accounts) (100 Points)
23 October 2012What is the rate of VAT ( tax + SC ) in Punjab for Rice.
Amit Handa
(CA)
(23 Points)
Replied 23 October 2012
Originally posted by : satyendra kumar singh | ||
What is the rate of VAT ( tax + SC ) in Punjab for Rice. |
Rice will be taxable @ 5% (including surcharge) as per schedule B item no.164 as the maximum rate on declared goods cannot exceed 5%.