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Compounding Option Kerala VAT

VAT and Sales Tax - Started By: - Binu Karuthedath - Dated:- 4-4-2016 Last Replied Date:- 6-4-2016 - Dear Sir One of the Assessee is registered Kerala VAT and manufacturer of Ayurvedic Medicines as per the Drug License and also they have choose an op .....

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eply = Sir, the provision of charging VAT on MRP is optional under KVAT. Your choice of either charging VAT on MRP or on Sale value should be communicated to the Department. In my view you can switch the option. Thanks. - Reply By Binu Karuthedath - .....

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