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Rate of composition of VAT for bars & taverns with turnover limit of Rs 10 lakh now set at 2 %

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Digital Goa, Feb 15 – Rate of composition of Value Added Tax has now been set at 2 % for bars or taverns which purchase all goods for resale only from registered dealers within the State of Goa and have a turnover limit of 10 lakh. A notification amending Goa Value Added Tax Act, 2005 to this effect has been issued by the State Finance Dept today.
Notification https://goaprintingpress.gov.in/downloads/2324/2324-45-SI-EOG-2.pdf