Dear sir
I am raju,I have and commercial tax department also one doubt i.e. POLYURETHANCE FOAM INJECT PRODUCTS i.e., using of ice refrigeration. please reply to how much vat tax 5% or 14.50% with hsn code early as possible.
thanking you,
Yours faithfully,
HSN classification determines applicable VAT rate; peak rate applies when an item is absent from the tax schedule. HS Code 39269091 for polyurethane foam is not listed in the APVAT Tax Schedule; therefore the peak VAT rate applies. A formal clarification can be obtained by filing a DDQ with the Commissioner on payment of the prescribed fee, and the Department typically issues such clarifications within thirty days of application. (AI Summary)