Could you please suggest me under which schedule the same will be come under DVAT and the tax rate too. It will be a great help to me.
rechargeable flash lights
kavita agarwal
Rechargeable Flashlights Classified Under Residuary Tax Schedule, 12.50% Rate Applies; Clarification via DVAT-42 Application Advised. A user inquired about the tax classification and rate for rechargeable flashlights under the DVAT Act. The response indicated that since the item is not specifically classified in any tax schedule, it falls under the residuary tax schedule, attracting a 12.50 percent tax rate. The user was also advised to seek clarification from the DVAT Department by submitting an application using the prescribed format DVAT-42 and paying the required fees. (AI Summary)
TaxTMI
TaxTMI