Is vat 5% still applicable in some cases???
SONAM NARAYAN SALVE (Accountant) (50 Points)
17 June 2016SONAM NARAYAN SALVE (Accountant) (50 Points)
17 June 2016
JAGJIT KASHYAP
(TAX CONSULTANT)
(109 Points)
Replied 17 June 2016
Pleaes mention the state where sale is made ?
JAGJIT KASHYAP
(TAX CONSULTANT)
(109 Points)
Replied 18 June 2016
Sir,
As per S.No. 72 of Schedule 'C' of Maharastra Value Added Tax Act, 2002, Pipes of all varities including G.I. Pipes, C.I. pipes, ductile pipes and PVC pipes and their fitting taxable w.e.f. from 1.4.2016 @ 5.5% under the said Act.
Further i am attaching copy of schedule which give tax rate applicable on all items.
Hope this will help you.
Thaking for sharing.
Regards