Respected Sir,
We have purchased TR set & Panel ( Excise teriff 8504.21) with 5% MVat. It will be sold as the part of our equipment in Maharashtra.
We would like to know following
1]5% MVAT on purchase is correct?
2]What should be the correct rate of MVat 5% or 12.5%?
Pl. advice.
CAclubindia
