UP vat tax

[ashutosh mishra]

UP vat rate on bags and bed sheets. on which items UP vat rate of 14% applies.

AI Summary

UP VAT Rate for Bags and Bed Sheets: Consult UPVAT Commissioner or Review VAT Schedule under Section 59. A discussion on the UP VAT rate for bags and bed sheets raised questions about whether these items fall under the 14% VAT category. One response suggested consulting the UPVAT Commissioner for clarification under Section 59 of the UPVAT Act, with a nominal fee. Another advised reviewing the VAT schedule of the UP VAT Act to determine if the products are listed under a lower tax rate. If not, the residual schedule entry applies, which may have a higher tax rate. For significant tax amounts, seeking an advance ruling from the department with a nominal fee is recommended.