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Whether vat is applicable on sale of sand and cement?
whether vat is applicable for sand & bricks
What are VAT rates applicable on bleaching powders in the states of India?
14.5% are VAT rates applicable on bleaching powders in the states of India.
What is vat rates when selling goods from Maharashtra to Haryana?
Vat is not applicable. because it is a interstate sale. so only cst is applicable . cst 2%. along with form 'c'...if form 'c' is not provided by the buyer, then state vat is applicable...
What is CST rate without c form in maharashtra?
Local VAT rate as applicable to particur Goods
If you are a Company based in UK - Do you charge VAT to a company from Japan?
It is not uncommon for international businesses to be uncertain about whether they need to charge VAT to their customers from another country. You might think that VAT is not applicable to your customers from Japan, but you should be aware that there are many countries where VAT is applicable to all products, regardless of the country of origin. The only way to know for sure is to ask your tax professional. If you need any help regarding VAT in UK then, You can contact us at: +44 207 193 7072 or visit: Proactive Consultancy Group - TPCGUK
Cst tax rates without c form all over India?
Local VAT rate is applicable when the sale is made without form 'C'
Merits and demerits of vat?
Merits:1. No Tax Evasion2. Ensured Neutrality3. Transaction based System(i.e., it is applicable to all Sales.. that is the simple equation is follows Net VAT payable = Vat on Sales - Vat on Purchases)4. Transparency5. Multi-point Taxation6. Eliminates Cascading Effect7. Self policing System.-----------------------------------------------------------------------------------------------------Demerits:1. Varying VAT Rates2. No Credit against other Taxes3. Increase in tax administration cost4. No Discrimination between Rich and Poor.
Calculation on works contract on vat on west Bengal?
We are settling bills of contractors/vendors who serve us (a public sector autonomous unit of Government of India). We deduct either 2% in case of VAT registered number is available or 4% when VAT no is not regiestered. Please inform us in which cases VAT are applicable for any contract or supply work. Pleae give us a detail list. Samir Paul samirpaul@rbi.org.in
How many types of vat?
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
Gross of vat and net of vat?
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
What is VAT output and VAT input?
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
Is net of vat is the same with vat inclusive?
vat exclusive
