Hello Friends
Please any one can tell about the percentage of vat on iron doors ,windows and other fabrication items and what is the procesure to find the rate applicable on a particular item.
Thanks
Ashok Yadav
ashok yadav (Accountant) (35 Points)
24 March 2011Hello Friends
Please any one can tell about the percentage of vat on iron doors ,windows and other fabrication items and what is the procesure to find the rate applicable on a particular item.
Thanks
Ashok Yadav
Ashish Vishnoi
(Tax Consultant)
(58 Points)
Replied 25 March 2011
Mr. Sharma,
Why not 4%? Iron is a declared goods in CST Act, 1956. So, Why not Iron Doors & Windows falls in this catagory?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 25 March 2011
iron and steel is notified goods, but when converted to items of iron and steel two basic consumers are buyers, 1) industrial buyers from whom the department would expect revenue in future .whereas 4% tax is charged 2) domestic / luxary buyers ( whereas the department will not get any revenue henceforth) so its 13.5%
doors and windows of steel or any other metal is catagorised in furnitures ..so 13.5% chargable
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