We are company engaged in the business of installing grid connected system operating in Karnataka
Under Grid connected system we would supplying various material to our vendor
Please let us know whether we can raise invoice with description as grid connected system as we have received single po from vendor with applicable vat rate or we need to give details of material supplied with vat rate.
18 March 2012
Mr Gopalakrishna, I think you are refering to electric grid connected system.You raise the invoice mentioning the goods as they are called in technical or common usage.General rate of tax on electrical goods is 14%. Some items such as industrial cables and in the Sl No 195 of the notification No FD 63 CSL(V) dated 30-3-2009,the latest,are chargeable with 5% VAT.If the items you are selling are same,as compared with the corresponding Excise Act heading No,you may charge 5% on such goods. MJK
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