Vat rate

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2015 If a company has purchased goods from outside maharashtra and those are excisable goods and have paid cst on that.Now if the company wants to sell those goods than what rate should be applied?either 12.5% or 5%?
Goods name is Aluminum Casting Houseing....Kindly solve the above query

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)

20 March 2015 it depends on the state where u r selling, if you are selling in your own state. than charge the normal vat rate which is applicable on the product dear...

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2015 If I m selling in Maharashtra only?than what rate will be applicable.Kindly guide....

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2015 If I m selling in Maharashtra only?than what rate will be applicable.Kindly guide....

CA Nimesh Maheshwari

CA Nimesh Maheshwari (Expert)

27 March 2015 You may refer to schedules apended to M VAT Act, 2002.

based on the description given by you, you may refer Schedule "C", entry no. 18 - Castings of non-ferrous metals which provides for 4% VAT.

You may meet a professional consultant and describe the product more specifically. Then you will be able to get the correct rate classification.

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