The book is a quick search-aid to find the applicable VAT rate for any product. It will also be useful for planning, executing and locating transactions, to carry out meaningful analysis of the VAT rates across various states in order to identify the appropriate source of purchase, for budgeting and bidding for tenders, etc.
A useful companion for VAT practitioners, the book will also provide assistance to validate transactions involving VAT, and therefore, will be a handy reference tool for the accountants, lawyers and the auditors.
The full text of the entries provided in the alphabetical listing of items can also be found in the schedules provided in the book. The history notes given in the schedules and the Departmental Determinations presented in the book will help track the changes that have occurred in respect of the entries in the schedules since the enactment of the VAT Act in the respective states.