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Audit Trail Compliance in Accounting Software
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Analysis of the Decision of the Supreme Court in Safari Retreats
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February 2009

Composition rate for a drug retailer —Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants

Reading Time 1 mins

New Page 1

Part B :
INDIRECT TAXES

MVAT Update

MVAT Notifications

34 Composition rate for a drug retailer
—Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008.

Composition rate of 6% is notified for drug retailers. This
rate is applicable for retailers whose at least ¾th of the turnover of sales of
goods is of drugs covered under Entries 29 and 29A of Schedule C appended to the
MVAT Act, 2002.

levitra

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February 2009

Composition rate for a drug retailer —Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008

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Trade Circular 1T of 2009, dated 12-1-2009

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February 2009

Composition rate for a drug retailer —Notification No. VAT/1507/CR-55/Taxation-1, dated 27-11-2008

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Trade Circular 1T of 2009, dated 12-1-2009

More items added to medical devices — Notification No. VAT.1508/CR-5/Taxation-1 dated 27-11-2008