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Tell me the meaning of VAT (TDS) When it will be applicable?
& rate of VAT TDS
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Answer Posted / dhiraj singh
VAT - Value Added Tax.
VAT is charged on Intra State Sale or Purchase. When we sale
or purchase within a state, then VAT is charged.
The rate of VAT are:-
1% - Gold, Jewelery etc.
5% - Normal Goods.
12.5% - Petrol, Lubricants etc.
20% - Alcoholic Products.
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