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VAT rate on Steel Stru in Haryana

nageswararao (Mgr - Commercial) (142 Points)

23 November 2007

What is the VAT rate applicable in Haryana for Steel Structurals - pls urgent

B.V.K.Nageswara Rao, Email: nageswararao.bommakanti @ zmail.ril.com, Ph: 099891 57666

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CA. O.P. Agarwalla (C.A.) (2916 Points)
Replied 23 November 2007

Dear Sir, Steel Structural falls under the list of declared goods, hence state lgislature can not levy VAT @ more than 4%. For your ready reference, I am quoting 14(v) of CST Act- 14(iv) - Iron and steel, that is to say- (i) pig iron, sponge iron and cast iron including ingot moulds, bottom plates, iron scrap, cast iron scrap, runner scrap and iron skull scrap: (ii) steel semis (ingots, slabs, blooms and billets of all qualities, shapes, and sizes); (iii) skelp bars, tin bars, sheet bars, hoe-bars and sleeper bars; (iv) steel bars (rounds, rods, squares, flats, octagons and hexagons, plain and ribbed or twisted, in coil form as well as straight lengths); (v) steel structurals (angles, joists, channels, tees, sheet piling sections, Z-sections or any other rolled sections); (vi) sheets, hoops, strips, and skelp both black and galvanished hot and cold rolled, plain and corrugated in all qualities, in straight lengths and in coil form, as rolled and in riveted condition; (vii) plates both plain and chequered in all qualities; (viii) discs, rings, forgings and steel castings; (ix) tool, alloy and special steels of any of the above categories; (x) steel melting scrap in all forms including steel skull turnings and borings; (xi) steel tubes, both welded and seamless, of all diameters, and lengths including tube fittings; (xii) tin-plates, both hot dipped and electrolytic and tin free plates; (xiii) fish plate bars, bearing plate bars, crossing sleeper bars, fish plates, bearing plates, crossing sleepers and pressed steel sleepers, rails-heavy and light crane rails; (xiv) wheels, tyres, axles and wheel sets; (xv) wire rods and wires-rolled, drawn, galvanised, aluminised, tinned or coated such as by copper; (xvi) defectives, rejects, cuttings or end pieces of any of the above categories;