VAT rate on plastic water storage tanks - Kerala
This query is : Resolved
26 March 2009
Sirs,
It was 12.5% VAT on plastic water storage tanks in Kerala when KVAT was firstly implimeted. Later it was reduced to 4% after two or three months. But now the commercial tax department has issued a notice to us for the year 2005-06 stating that the VAT rate on plastic water storage tanks is just 4% but we have taken input @12.5% illegally. So they want to disallow the higher rate of tax. It is the fact that our supplier had issued us invoice charging 12.5% VAT on plastic water storage tanks and we also collected and paid VAT @12.5% on this. So can you please help me by sending any order issued by the commercial tax department in connection with reducing the rate of tax from 12.5% to 4%? Or the exact date when the tax was reduced to 4%? Kindly help me.
Moideen Kutty
It was 12.5% VAT on plastic water storage tanks in Kerala when KVAT was firstly implimeted. Later it was reduced to 4% after two or three months. But now the commercial tax department has issued a notice to us for the year 2005-06 stating that the VAT rate on plastic water storage tanks is just 4% but we have taken input @12.5% illegally. So they want to disallow the higher rate of tax. It is the fact that our supplier had issued us invoice charging 12.5% VAT on plastic water storage tanks and we also collected and paid VAT @12.5% on this. So can you please help me by sending any order issued by the commercial tax department in connection with reducing the rate of tax from 12.5% to 4%? Or the exact date when the tax was reduced to 4%? Kindly help me.
Moideen Kutty
26 March 2009
As per your case it is clear that the Reduction of Rate have taken place after two to three months of implimentation of vat:
Just you have verify that what ever purchase at the rate of 12.5% is sold at the rate itself, then you are required to convinced the Officer, and show the bill duly received and issued:
If your officer is not convinced then do not wory you have an door open for apply before Appealing authorities, and ofcourse you will get Justice.
Just you have verify that what ever purchase at the rate of 12.5% is sold at the rate itself, then you are required to convinced the Officer, and show the bill duly received and issued:
If your officer is not convinced then do not wory you have an door open for apply before Appealing authorities, and ofcourse you will get Justice.
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