What is the rate of VAT for Plastic valves? The custom tariff code for this is 3917.40.00. The rate of VAT for plastic pipes and fittings is 4%. Does the valve also come under the same catogory?
What is the rate of VAT for Plastic valves? The custom tariff code for this is 3917.40.00. The rate of VAT for plastic pipes and fittings is 4%. Does the valve also come under the same catogory?
| Originally posted by :C.V.S.SHARMA | ||
| " | What is the rate of VAT for Plastic valves? The custom tariff code for this is 3917.40.00. The rate of VAT for plastic pipes and fittings is 4%. Does the valve also come under the same catogory? | " |
As per my understanding Plastic valves is not a raw plastic product, it's a ready to sell product hence VAT should be 12.5%. If it's a raw plastic which can be convert into final goods then VAT should be 4%.
The rate of vat for Valve is 12.5%.
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