TMI BlogValue Added TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Can u cleared the Confusion of Backery itmes is there applicable of VAT 5% or Not Backery items means Burger Bun(Round Bun) is this applicable VAT or not under Andhra pradesh State Act - Reply By A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nil Kumar - The Reply = Entry 34 of Schedule-I to the APVAT Act exempts from VAT unbranded bread. Entry 15 of Schedule IV to the said Act provides concessional rate of 5% VAT on branded bread. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... question that arises would be whether the burger bun is a "bread". Before it is made into a burger and if it sold as a bun, it should be classifiable as "bread" since bun is only a type of bread. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erefore, if the bun is sold under a brand name it would attract 5% Vat and if it is sold without a brand name it is exempted. Further, it may be noted that the VAT is payable only by dealers whose a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnual turnover exceeds Rs.5 Lakh. - Reply By Pradeep Khatri - The Reply = I do agree with the reply of Mr. Anil Kumar. - Reply By vittal Rao - The Reply = Yes. II do agree with the reply given. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e two conditions have to be fulfilled: 1. The turnover is not less than Rs.5.00 Lakhs 2. The Bun/Bread is branded in the market. then VAT attracts. - Value Added Tax - Query Started By: - kri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shna besta Dated:- 22-2-2012 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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