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TMI BlogValue Added TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Value Added Tax X X X X Extracts X X X X X X X X Extracts X X X X ..... es 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 Anil Kumar: The Reply: Entry 34 of Schedule-I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 question that arises would be whether the burger ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. Therefore, if the bun is sold under a brand name it w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ould 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 annual turnover exceeds Rs.5 Lakh. Reply By Pradeep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. The two conditions have to be fulfilled: 1. The turnover is n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot less than Rs.5.00 Lakhs
2. The Bun/Bread is branded in the market.
then VAT attracts. X X X X Extracts X X X X X X X X Extracts X X X X
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