A company sells fish aquarium. Is VAT applicable on sale of fish aquarium as a whole? Is VAT applicable on sale of fish aquarium related materials like aquarium glass, air pump, pipe, filter, heater, gum, marine stones, ordinary stones, aquarium light, food and fish?
2 Replies
chandra shaker
(TAX PRACTITIONER)
(59 Points)
Replied 02 November 2011
A FISH AQUARIUM IS A TAXABLE GOOD AS IT IS MADE OF GLASS OR ANY OTHER MATERIAL AS WELL AS OTHER ELECTRICAL /ELECTRONIC ITEMS USED FOR AQUARIUM ARE TAXABLE AND THE RATE OF TAX WILL BE ACCORDING TO THE GROUPING MADE IN DIFFERENT SCHEDULES UNDER RESPECTIVE STATE ACT .
G.S.CHANDRA SHAKER
SALES TAX PRACTITIONER
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 02 November 2011
Yes the VAT would be applicable on the whole value of the aquairium . There is no need to separately charge VAT on the materials which are aquairium related . However if the aquairium related materials are sold separately then VAT would be charged separately .
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