SIR IAM BUYING CANES FROM ASSAM AND UP AND MAKING FURNITURES OUT OF IT. WILL IT COME UNDER VAT, IF SO WHAT %
PL ADVISE
Cane Furniture Taxed at 14.5% VAT Rate under Entry 69, Part C, Tamil Nadu VAT Act 2006 A user inquired about the applicability and rate of VAT on cane furniture made from canes purchased in Assam and Uttar Pradesh. A response from a tax consultant clarified that cane furniture is subject to a 14.5% VAT as an unclassified commodity under Entry 69 of Part C of the First Schedule to the Tamil Nadu VAT Act, 2006. Another contributor mentioned that the Tamil Nadu Commercial Tax website offers a facility for registered dealers to view advance rulings, which can assist in clarifying tax rates on specific products. (AI Summary)
VAT + CST