TaxTMI 
TaxTMI 
One of my client is having surplus steam generated, which it intends to sell.
Whether VAT will be applicable on it.
Thanks
SALE OF STEAM
17 Mar 2011 
2 Replies 
2237 Views Asked by
VAT applicability on sale of surplus steam depends on classification; unlisted goods may be taxed under residual schedule entry.
Whether the sale of surplus industrial steam is subject to VAT depends on classification: no specific schedule entry for steam was found, and where goods are not expressly listed they may be taxed under a residual schedule described as "all other goods not specified," so steam could be taxable if classified under that residual entry. (AI Summary)
Whether the sale of surplus industrial steam is subject to VAT depends on classification: no specific schedule entry for steam was found, and where goods are not expressly listed they may be taxed under a residual schedule described as "all other goods not specified," so steam could be taxable if classified under that residual entry. (AI Summary)