Hi
Tamilnadu VAT codes published list is not in detail https://tnvat.gov.in/English/VATSCHEDULE_ALPHA%20ORDER_JUL11.pdf.
For example Wooden Furnitures are not there in the list and also Handicrafts in details. Where can i get commodity codes and VAT % for these items.
Thanks
Maha
Wooden Furniture sold to any person other than government departments are taxable at 14.5% under Entry 69 of Part C of the First Schedule as unclassified item. Commodity Code will be 301.
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(Reduction in rate of tax from 14.5% to 5% is applicable to dealers who make sale to government departments are per Notification No.II(1)/CTR/12(R-16)/2011 w.e.f 12.07.2011)
| Originally posted by : |)eep @ k Gupt/\ | ||
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Wooden Furniture sold to any person other than government departments are taxable at 14.5% under Entry 69 of Part C of the First Schedule as unclassified item. Commodity Code will be 301. . (Reduction in rate of tax from 14.5% to 5% is applicable to dealers who make sale to government departments are per Notification No.II(1)/CTR/12(R-16)/2011 w.e.f 12.07.2011) |
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Thanks Deepak for your details on furniture.At some where its mentioned unbranded furniture as 4 % and for branded its 14.5. Don't know what they mean branded and unbranded and how its classified.
Any idea on the tax for Handicraft items like wooden statues purchased from the supplier and then retail sale.
Regards
Maha
Handicrafts are exempt from tax ,as per the first schedule.......mjk
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