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
Business Owner Seeks Guidance on VAT Rate for Coil Strips, SS Patta; Consultant Suggests 5% Under CST Act Section 14. A business owner inquires about the appropriate VAT rate for coil strips, SS patta, and SS rolled products, seeking advice on the tax rate to apply on invoices. A consultant responds, suggesting a tax rate of 4% plus 1% and any applicable cess, as these goods might be categorized under special importance per Section 14 of the CST Act, 1956. The consultant advises obtaining further clarification from the Gujarat VAT Department by submitting an application with all relevant details and mentions that additional information is available in Gujarati, which the consultant cannot interpret. (AI Summary)