VAT on Valves
neeraj sharma
what is the rate of DVAT on Valves of various tye used in water supply .
VAT on valves used in water supply clarified; reduced VAT rate applies and a corresponding CST rate is specified. The applicable VAT rate for valves used in water-supply systems is stated as a reduced levy, and a corresponding CST rate is identified for inter-state transactions in the same goods; the guidance applies to valves of various types used in water supply. (AI Summary)
TaxTMI