Urgent !! VAT rate in Mumbai For Iron & steel Trader
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2010
I want to know what will be VAT rate in Mumbai For Iron & steel Trading Co, wef 1.4.2010 (Whether it is 5%(New) or 4%(unchanged)?? pls reply soon as we have to prepare bills for 1.4.2010
02 April 2010
Iron and steel are covered under declared goods hence liable for tax under any state vat act not more than 4%.For detailed goods covered under the category iron & steel see my article at the following link:
http://www.taxguru.in/goods-and-service-tax/summary-of-provisions-related-to-declared-goods-under-the-cst-act-1956.html
http://www.taxguru.in/goods-and-service-tax/summary-of-provisions-related-to-declared-goods-under-the-cst-act-1956.html
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