WHAT IS THE RATE MVAT APPLICABLE ON SPRAY PUMPS USED IN AEROSOL SPRAY CANS (PUMP CONSISTS OF NOZZLE AND TUBE, MADE OF PLASTIC).
RUBY
M P Singh
(Service - Finance & Taxation)
(180 Points)
Replied 23 June 2008
Hi Ruby,
Please refere Schedule C & D of the MVAT act for best classification because it is not covered under schedule A , B of the act . If it is not covered under these scheduleS than as per schedule E the rate of 12.5% will be applicable .
Regards,
M P Singh
RUBY
(26 Points)
Replied 25 June 2008
hi and thanks for the guidance. i believe it is covered under schedule c item 54 and the relevant notification, hence 4%.
regards, ruby
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