Rate will be applicble as per the comodidy that u r going to purchase.
VAT is accounted for in the Balance Sheet if you have the right to claim VAT on purchases and liability to pay VAT on sales respectively i.e. if you are VAT registered. VAT on purchases is accounted for in the Profit and Loss (purchases are entered gross i.e inclusive of VAT) if you have no right to claim it i.e. if you are not VAT registered.
Yes, in many countries, ink is subject to Value Added Tax (VAT) as it is considered a taxable good. The specific VAT rate can vary by country and even by the type of ink, such as for printers versus calligraphy. It's important to check local tax regulations to determine the exact VAT applicable to ink purchases.
Yes
what is vat rate of calcium hypochlorite in maharashtra
It's highly unlikely as it's a very successful method of raising revenue. The current rate on most purchases is 20%
To calculate the amount before VAT from a total of 1800 that includes VAT, you need to know the VAT rate. For example, if the VAT rate is 20%, the calculation would be: 1800 / 1.20 = 1500. Therefore, 1800 less VAT at 20% would equal 1500. The answer will vary based on the VAT rate used.
vat rate wooden furniture
The VAT rate for tin products in my country is 20.
VAT (Value Added Tax) is generally considered a liability for businesses. When a company collects VAT from customers on sales, it represents an obligation to remit that amount to the tax authorities. Conversely, VAT paid on purchases can be treated as an asset, as it can be reclaimed or offset against VAT collected on sales. Thus, the treatment of VAT depends on the context: it is a liability when collected and an asset when paid on purchases.
You have standard rate VAT which is 20%, this covers mostly everything. You then have reduced rate VAT which is at 5%, this is normally for domestic fuel. Then there is zero rate VAT which is 0% and is for most food, childrens clothing etc.
What is vat rate for electrical appliances like fridge etc in assam
The answer is yes, it is.From 1st of March VAT rate will be increased to 17%.