TaxTMI 
TaxTMI 
TaxTMI 
Value Added Tax
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....alue Added Tax<br> Query (Issue) Started By: - krishna besta Dated:- 22-2-2012 Last Reply Date:- 24-2-2012 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>Can u cleared the Confusion of Backery itme....
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....s 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 Reply By Anil Kumar: The Reply: Entry 34 of Schedule-I ....
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....to the APVAT Act exempts from VAT unbranded bread. Entry 15 of Schedule IV to the said Act provides concessional rate of 5% VAT on branded bread. The question that arises would be whether the burger b....
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....un is a "bread". Before it is made into a burger and if it sold as a bun, it should be classifiable as "bread" since bun is only a type of bread. Therefore, if the bun is sold under a brand name it wo....
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....uld attract 5% Vat and if it is sold without a brand name it is exempted. Further, it may be noted that the VAT is payable only by dealers whose annual turnover exceeds Rs.5 Lakh. Reply By Pradeep K....
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....hatri: The Reply: I do agree with the reply of Mr. Anil Kumar. Reply By vittal Rao: The Reply: Yes. II do agree with the reply given. The two conditions have to be fulfilled: 1. The turnover is no....
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....t less than Rs.5.00 Lakhs 2. The Bun/Bread is branded in the market. then VAT attracts.<br> Discussion Forum - Knowledge Sharing ....