section 11
Calculation of Tax payable
The Andhra Pradesh Value Added Sales Tax Act, 2003Tax200387 sections5 chapters
Chapter II INCIDENCE, LEVY AND CALCULATION OF TAX
Statutory text
- (1) Subject to sub-section (2), the VAT payable on a sale liable to VAT shall be calculated by applying the rate of tax specified in the Schedules, on the sale price of goods.
- (2) Where the sale price of goods is inclusive of VAT, the amount of VAT shall be determined in accordance with the formula prescribed.
Study data processing for this section.
PDF: pending for this language.