Tn vat exempted sales & zero rated sales
This query is : Resolved
17 October 2013
Dear Sir,
[1] . As per TN-VAT Which are the goods falling under exempted sales & Zero rated sales
[1] . As per TN-VAT Which are the goods falling under exempted sales & Zero rated sales
17 October 2013
Please refer schedule I of the TN VAT Act for exempted goods as it is a long list and Section 18 of the deals with Zero Rated sale i.e normally export sale/Sale to SEZ Unit or developers etc
17 October 2013
Thnks sir, but that exempted sales are covered under fourth schedule or first schedule as per TN-VAT
17 October 2013
Sorry it is Fourth Schedule of the Act
RENGARAJ R.K
(Expert)
17 October 2013
The Fifth Schedule of TNVAT deals with zero rated sales. That is for supplies made to international organisation (around 14 organisations are listed-also see sub section (1) of section 18)
And Exempted goods are listed in IVth Schedule. Around 10 products in Part A and 81 products in Part B of TNVAT Act.
Regards,
And Exempted goods are listed in IVth Schedule. Around 10 products in Part A and 81 products in Part B of TNVAT Act.
Regards,
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23 October 2013
As per TNVAT Act - If we have transferred goods to others state against F Forms from TN , how to reverse ITC and what is the method ? pls
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