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Issue ID : 3935
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- 0 -

about the vat rate of selling raw material

Date 22 Mar 2012
Replies1 Answers
Views 7747 Views
Asked By

Respected Sir,

                         I have got a raw material charged at 15% but on my product I have to charge 5% so if I want to sale that raw material then I have to charge 15% or 5%.

VAT + CST
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Replied on Mar 22, 2012
1.

If you are selling rawmaterial as such then you would have to reverse the Input Tax Credit so availed.

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