Value Added Tax

[krishna besta]

 

Can u cleared the Confusion of Backery itmes is there applicable of VAT 5% or Not

Backery items means Burger Bun(Round Bun) is this applicable VAT or not under Andhra pradesh State Act

AI Summary

VAT Exemption for Unbranded Bread, Including Buns, Under APVAT Act Entry 34; Branded Bread Incurs 5% VAT A query was raised about the applicability of VAT on bakery items, specifically burger buns, under the Andhra Pradesh State Act. Anil Kumar clarified that unbranded bread, including buns, is exempt from VAT as per Entry 34 of Schedule-I to the APVAT Act, while branded bread incurs a 5% VAT as per Entry 15 of Schedule IV. VAT applies only if the annual turnover exceeds Rs. 5 lakh. Pradeep Khatri and Vittal Rao agreed with this interpretation, emphasizing the conditions of turnover and branding for VAT applicability.