Dvat rate on Lift

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WHAT IS THE RATE OF DVAT ON LIFT PURCHASED

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If it is not mentioned in any Tax Schedule and it will by default fall under residuary list. Hence, lifts may attract DVAT @ 12.50%. Please also cross check from the Commissioner of DVAT. You may also get clarification from the Commissioner of DVAT on a payment of Rs. 500/-under Section 84 of the DVAT Act. Best Regards, Pradeep Khatri, Consultant - Indirect Taxation, [email protected]

AI Summary

DVAT rate on lifts: classified as residuary and subject to the default DVAT rate; seek Commissioner confirmation. Lifts not specified in any tax schedule are treated as part of the residuary list and attract the default DVAT rate; taxpayers are advised to obtain confirmation from the Commissioner of DVAT and may seek a formal clarification under the statutory clarification procedure on payment of the prescribed fee.