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
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