VAT on Samosas: 8% for First Six Months, Drops to 4% Thereafter Under VAT Act Classification.

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....Rate of value added tax (VAT) - samosa - whether the rate of tax on Samosa should be 8% or 5%? - samosas are to be taxed at the rate of 8% for the first six months and, for the next six months, at the rate of 4%, on the basis that cooked food under the VAT Act attracted 4% - HC....