SALE OF STEAM

[vishal sharma]

One of my client is having surplus steam generated, which it intends to sell.

Whether VAT will be applicable on it.

Thanks

AI Summary

Clarification Sought on VAT Applicability for Steam Sale; Potential 12.5% Tax Under Residual Category A client intends to sell surplus steam and seeks clarification on whether VAT applies. One participant suggests that in many states, steam might be taxed at 12.5% under a residual entry. Another participant, after reviewing the West Bengal VAT schedule, notes the absence of steam or similar items in the list and questions if it should be classified under the residual category, which taxes unspecified goods at 12.5%. The discussion seeks further clarification on the classification and applicable tax rate for steam.