Taxability of Rexine cloth clarified: Rexine treated as taxable at a reduced VAT classification; PVC flooring taxed at a higher rate. Rexine cloth is held taxable at a concessional rate and treated under the Third Schedule entry by the Commissioner's determination issued under statutory powers; assessing officers are directed to apply that determination. The circular also confirms PVC flooring as taxable and advises Assessing Authorities to examine taxability issues accordingly.
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Provisions expressly mentioned in the judgment/order text.
Taxability of Rexine cloth clarified: Rexine treated as taxable at a reduced VAT classification; PVC flooring taxed at a higher rate.
Rexine cloth is held taxable at a concessional rate and treated under the Third Schedule entry by the Commissioner's determination issued under statutory powers; assessing officers are directed to apply that determination. The circular also confirms PVC flooring as taxable and advises Assessing Authorities to examine taxability issues accordingly.
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