Cs pipe tax rate under vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2015
Please clarify output tax (VAT)%ge of CS Pipes under WCT actual method?
Whether it will come under Declared Goods?
Whether it will come under Declared Goods?
25 September 2015
Mr Author,
U/s !4 (iv)(ix) of CST Act 1956,steel pipes are described as "Steel pipes,both welded and seamless,of all diameters and lengths,including tube fittings." Your CS pipes shpuld be under this category,which means,it should have same Central Excise Act code,then only 5% VAT can be claimed,provided no fabrication work is done on them. The pipe should be used in the same form in the contract,as per one Karnataka HC order...mjk
U/s !4 (iv)(ix) of CST Act 1956,steel pipes are described as "Steel pipes,both welded and seamless,of all diameters and lengths,including tube fittings." Your CS pipes shpuld be under this category,which means,it should have same Central Excise Act code,then only 5% VAT can be claimed,provided no fabrication work is done on them. The pipe should be used in the same form in the contract,as per one Karnataka HC order...mjk
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
