Dear Sir,
We have import the 'Multimedia Speakers & Bluetooth speakers',then i want to know the applicable delhi vat rate on this if i sale in the delhi.
And also plz give me the supporting document for that.plz give the answer ASAP it is very urgent.
thanks & regards
Vikash gora
Imported Multimedia and Bluetooth Speakers in Delhi Subject to 12.5% VAT as Unclassified Goods Under Delhi VAT Act 2004. A user inquired about the applicable VAT rate for selling imported multimedia and Bluetooth speakers in Delhi. A response referenced an advance ruling under the Delhi Value Added Tax Act, 2004, which determined that speakers and their parts are not classified under the Information Technology Products category. Instead, they are considered unclassified goods, subject to a 12.5% VAT rate. Another reply emphasized checking the current tax rate for residual schedule entries if the product is not explicitly listed in the schedule. (AI Summary)