Dhananjay Jadhav (Dy Manager - Finance) (45 Points)
11 March 2013Hello Sirs/Madams
We buy sheep casing (instestine) for manufacturing a medical product on a larger basis from many unregistered dealders. What is the VAT rate our vendor should charge in their invoice to us while selling sheep casing to us.
Is that product exempt from VAT?
Regards
Dhananjay
Asif Khan
(Taxation executive)
(410 Points)
Replied 14 March 2013
As per my view
As per Section 2(26) 5 and 6 Sheep Casing should come under Schedule C in which vat rate is @ 5%.
Your Vendor should charge you vat @ 5%.
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