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What is the vat rate on solvent and thinner . if any one have detailed schedule . pls forward .
Regards ,
Paras
I think its 20%....as it is a lubricant....
its a not lubricant. its base on chemical solvents or say organic solvents.
chemical one....used in repairing....cleaning...
ya rite
Dear Mr Paras
Thinner & Solvent rate of VAT in Tamilnadu is 5%
Sundaram Kumar
Ty Sir , Can u pls tel me schedule and entry number . if u have any rule book or soft copy pls forward.
1. “thinner” is taxable at 14.5% under Part C of the First Schedule
to the TNVAT Act, 2006, with effect from 1.1.2007. If it is sold as industrial input, it is
taxable at 4% vide Entry No. 67 of Part B of the First Schedule to TNVAT Act 2006,
2. Industrial Solvents and solvent chemicals
form Methanol are taxable at 5% vide part B of Ist schedule to Tamil Nadu Value Added
Tax Act, 2006,
.
Sd
Sir,
In Delhi Thinner is taxable at a rate of 12.5%
VAT on Solvent is 5% in Delhi. But about thinner I don't know.
Thinner is classified along with paints. It is a general item not in schedule. In Karnataka VAT on it is 14%.
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