What is the present vat rate of Nuts and volts in delhi? Pl. let me know ASAP
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14477 Points)
Replied 08 May 2010
its in 3rd schedule items may be Dvat 5% at present
but wait for other experts
Devinder Jain
(Tax Practioner)
(914 Points)
Replied 13 May 2010
Though the entry No. 166 of the IIIrd Sch. which contained the "Nuts and Bolts' has been deleted with effect from 01.04.2010 still the "Nuts and Bolts and fasteners" fall under entry No. 91 of the IIIrd Sch, and so are taxable at @ 5%.
Devinder Jain, Vat Consultant, Delhi
9810272568
Devinder Jain
(Vat Consultant)
(121 Points)
Replied 24 March 2016
Rate of Vat in Delhi on Nuts, bolts and all type of fasteners is 5%.
CAclubindia
