Vat rate on thinner

Mahavat 2871 views 12 replies

What is the vat rate on solvent and thinner . if any one have detailed schedule . pls forward .

 

 

Regards ,

 

Paras

Replies (12)

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.

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%.

Thank you Krishnamurthy Sir. Will you please get me your Mobile Number. Sundaram Kumar 9282 11 0209 Chennai


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