Tax rate on machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
What is the tax rate on machinery (Eg. Machinery for protection of FMCG goods i.e. inside the Refrigerator)
5.5% or 14.5%
5.5% or 14.5%
30 July 2013
You have not mentioned the STATE the query relates to.
In General, machinery is treated as capital goods and will be taxable @ 5.5% if the goods are meant for production, process etc.,
In General, machinery is treated as capital goods and will be taxable @ 5.5% if the goods are meant for production, process etc.,
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