tax classification

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    VAT rate and classification of commodities

    VAT Rates and Classification of Commodities Under the VAT system covering about 550 goods, there will be only two basic VAT rates of 4% and 12.5%, plus a specific category of tax-exempted goods and a special VAT rate of 1% only for gold and silver ornaments, etc. Thus the multiplicity of...
    • abhishreshthaa
    • Thread
    • classification commodities rate tax classification types commodities vat vat rate
    • Replies: 1
    • Forum: Accountancy
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