current local tax rate (vat rate) for s.s patta/ coil / strip

[Asked by Guest]

Res. Sir,

i am going to buisiness for coil strips / ss. patta / ss rolled and their Excise HSN CODE are (72193320 , 72193390, 72202029).
i am buying goods from manufacturer and sells in local market for above given goods ..

so i am very confused for that which vat rate (local tax rate ) should be charged in tax invoice ....

so pls. give the advise for this.

regards,

manan pandya

[YAGAY and SUN]

Dear Manan,

This may attract tax 4% + 1% + Cess (if any) as this may fall under the category of goods of special importance as mentioned in Section 14 of the CST Act,1956. You may also get clarification from Gujarat VAT Department under Section 80 of the GVAT Act on submission an application by providing all material facts and information about your goods along with nominal fees as prescribed in this regard.

You may also click on the following link and get the information on the aforesaid subject. Clarifications mentioned in determination orders are in Gujarati Language and we are not literate in Gujarati Language.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

(Think Green. Please protect 'Environment'. Kindly plant at least 5 sapling every year.)

AI Summary

VAT classification for stainless steel products may attract special composite local tax; seek formal departmental clarification.
Stainless steel coils, strips and patta identified by the supplied HSN codes may be classified as goods of special importance and attract a composite local VAT rate including surcharge and applicable cess under the special goods category referenced to Section 14 of the CST Act, 1956. Taxpayers are advised to seek a formal clarification from the Gujarat VAT department under Section 80 of the GVAT Act by submitting an application with material facts, HSN codes and the prescribed fee to determine the correct rate for invoicing and compliance.