We were charging vat @ 5% on memory cards in rajsthan as it was IT product in March 2015 there was amendment that mobile and its accessories will be charged @ 8% it was confusion whether memory card is a mobile accessories or not we asked Sales tax department for clariefication suprisingly with their own defination they charged it as 14.5%. can now they ask the difference for previous year??
As per the clarificaiton issued by Rajasthan VAT Dept. -
Memory Cards which can be used in multiple devices (e.g. Digital Camera, Cellphone, laptops, computers, tablets, MP3 players and video game consoles etc.) would attract VAT Rate @ 14.5 %.
Thefore, Memory Card which can not be used in more than one device it will continue to attract lower VAT Rate.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
