GVAT items included under scheduled rates of 5% and 15%

[Bhalchandra Ramdasi]

Respected Sir,

 

Which items are covered under scheduled rate of GVAT under 5% (4+1) & 15% ( 12.5 + 2.5). like electrical, mechanical, civil etc.?

[YAGAY and SUN]

Please check the tax schedule under GVAT.  if the items are not specifically mentioned under the 5% tax rate schedule then by default the same will fall under the residuary tax schedule which is 15% tax rate schedule.  Also check the tax schedule notifications and DDQs in this regard.

AI Summary

Residuary tax schedule determines rate for unspecified goods; check tax schedule notifications and DDQs for classification and guidance.
Items expressly listed in the lower-rate tax schedule receive that scheduled treatment; items not specifically mentioned fall into the residuary tax schedule. Tax schedule notifications and departmental DDQs must be consulted to determine the correct classification and applicable schedule.