subject: How to solve your Tax Problems – Income Tax and Vat Consultant Services India [print this page] In the country of India it does not have a classic Value-Added Tax (VAT) structure. Where as it is instead, separate tax on sale of goods and on rendering of services is imposed under different legislations. The Sales and purchase of the material and goods is subjected to charge of sales tax. It is also set as the standard rate of VAT is 12.5 per cent and there is reduced rate of 4 per cent. But also besides that, there are a total exemptions and the rate of 1 % and 20 percent for specified products.
How to solve your Tax Problems Income Tax and Vat Consultant Services India
