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Tax rate on machinery

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2013 What is the tax rate on machinery (Eg. Machinery for protection of FMCG goods i.e. inside the Refrigerator)

5.5% or 14.5%
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
30 July 2013 You have not mentioned the STATE the query relates to.

In General, machinery is treated as capital goods and will be taxable @ 5.5% if the goods are meant for production, process etc.,

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