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About vat

HIMANSHU SHEKHAR (Student CA IPC / IPCC) (44 Points)

15 July 2016

Dear Sir, I want to know the excise duty and vat applicable on ready mix plaster and tiles adhesive material in case when we sell to the user. and in which chapter of central excise it is covered?

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2 Replies

MJ Krishnamurthy (ACCT(Retd)) (7197 Points)
Replied 15 July 2016

Excise duty is levied on the manufacturer only. I think you are only a seller. VAT applicable on sales of Ready mix cement(RMC),tiles and adhesive compound is @ 14.5%.....mjk

HIMANSHU SHEKHAR (Student CA IPC / IPCC) (44 Points)
Replied 16 July 2016

Dear Sir,

I am a manufacture as well as seller of the ready mix plaster and tiles adhesive material thats why i want to know the excise rate applicable on these product. So please assist me about the applicable excise rate and VAT and in which chapter of central excise it is taxable.