Tax rate on LP records

[Amit Kharbanda]

Please help me to provide The tax rate on Long Play record in Delhi & UP Regards Amit 9873342618

[Sucheta Agrawal]

Dear Mr. Amit,

As per my views LP Record fall in the category of Heading No. 8523 of Schedule 3 of Delhi Vat which provide as under -

Magnetic tape for recording sound, audio magnetic tape, video magnetic tape, magnetic disc, hard disc pack, floppy disc or diskettes, rewritable magneto optical disc including mini disc, CD Recordable, cards incorporating a magnetic stripe, mattresses for the production of records, prepared record blanks, catridge tape, blank video cassettes ¾ " U-matic and 1" video cassettes/ tape ½ " video cassettes suitable to work with betacam/ betacam SP/M-II S-VHS/Digital S type VCR, 8mm video tapes/ cassettes in finished form, 6.35mm (1/4 ") digital video cassettes and DV tapes suitable to work with digital video camera, blank master disc, blank audio cassettes, audio tape cassettes in finished form (Blank), optical media discs, CD Recordable, CD Rewritable.

8523

where rate of tax 5% is applicable in Delhi

AI Summary

Classification under Heading 8523 confirms a reduced VAT rate for LP records in Delhi; UP treatment not specified. LP records are classifiable under Heading No. 8523 of Schedule 3 of the Delhi VAT as optical/magnetic recording media and prepared record blanks, and, under that schedule, a 5% tax rate is applicable in Delhi; no guidance for Uttar Pradesh is provided.