Composition Rate Coconut Oil
jerrins joy (33 Points)
18 October 2021
please share the composition rate of Tax of Coconut oil
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5686 Points)
Replied 18 October 2021
The Council's Fitment Committee had recommended that coconut oil, packed and sold in containers less than one litre should be classified as hair oil, and taxed at the 18% rate.
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