VAT is a multi-point destination based system of taxation, with tax being levied on value addition at each stage of transaction in the production/ distribution chain.
The State Governments, through Taxation Departments, are carrying out the responsibility of levying and collecting VAT in the respective States.
At present, there are 2 basic rates of VAT, namely, 4 per cent and 12.5 per cent, besides an exempt category and a special rate of 1 per cent for a few selected items.
For filing of VAT Return on quarterly basis, you need to provide:
Depending on the complexity of your VAT Return, on an average it takes 6-7 working days to successfully file your ITR with the Income Tax Department
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