Vat on steam sale
This query is : Resolved
GANESH S DHUMAL
(Querist)
27 October 2012
DEAR SIR,
WE ARE MNFG. OF FABRIC IN MAHARASHTRA
& AS OUR PLANT GENERATE THE STEAM THROUGH BOILER, IN CASE WE SALE THIS STEAM TO OUR NEIBGHOR TEXTILE INDUSTRIES, SO PLEASE ADVICE WHAT SHOULD TO BE MVAT RATE APPLICABLE IN THIS CASE & HOU WE SHOW THIS TRANSCATION IN OUR BOOKS OF ACCOUNTS.
PLEASE ADVICE
WE ARE MNFG. OF FABRIC IN MAHARASHTRA
& AS OUR PLANT GENERATE THE STEAM THROUGH BOILER, IN CASE WE SALE THIS STEAM TO OUR NEIBGHOR TEXTILE INDUSTRIES, SO PLEASE ADVICE WHAT SHOULD TO BE MVAT RATE APPLICABLE IN THIS CASE & HOU WE SHOW THIS TRANSCATION IN OUR BOOKS OF ACCOUNTS.
PLEASE ADVICE
Prakash Kochar
(Expert)
28 October 2012
sale value of steam will attract VAT @12.5% in Maharashtra.
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