consultant
122 Points
Joined January 2009
Dear sir
What is rate of Tax in absence of C form –For HS code # 8414-10-00 for Compressor –Supply form Maharashtra and Buyer at Karnataka
We feel its in III schedule -Plant and machines -will attract @ 5.5 locally and Interstate @ 2%. Without Form C it should Be 5.5%
Billing is done from Maharastra thru their local dealer in Bangalore and consignee to us (Bangalroe)
Now Bangalore Dealer is under KVAT audit and asking under c form or diff of taxes @ 14..5%
Kindly advise us we have pay @ 14.5% minus 2%
or 5.5% - 2%