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parag (prop)     29 April 2011

corrigendum

in my earlier post for mvat i have erroneously written as follows:-

As per circular No.VAT-2005/Act/VD-1 Mumbai Dt : 1.4.2005
 
Trade Cir.-1T of 2005, only manufacturers and retailers need to pay mvat on medicines listed under entry no.29 of schedule C.
 
 it should be actually read as under

Trade Cir.-1T of 2005, only manufacturers and importers of medicine need to pay mvat on medicines listed under entry no.29 of schedule C.

regards,

parag
 


 



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