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Tax on imported education material
We are importing education material with zero customs being education material. CAn this material be invoiced to my customers? If yes, what are the taxes applicable within the same state and out side the state?
In case of modification of this imported material what are the taxes applicable within the same state and out side the state
Thanks for your time
Replies (1)
Books meant for reading,magazines, newspapers are exempt from VAT in all states.But,if a catalogue of products of a manufacturer,literature issued along with some goods on sale etc,when sold at a price , shall be taxable at full rate. Same rule applies when some modifications are done on it also.If the nature of main goods do not change after modification,the exemption will be available. On knowing the type of changes the modification brings to the product sone conclusion can be made.When local sales are exempt under a VAT Act ,under CST Act also the same eligibility holds.....mjk
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