RATE OF VALUE ADDED TAX

[SURYAKANT MITHBAVKAR]

our organisation is in Maharashtra if we are buying some materials from Faridabad please guide us rate of Central Sales Tax .

AI Summary

Maharashtra Organization Queries Central Sales Tax; Rates Depend on C Form and Material Classification Under HVAT Act, 2003. An organization in Maharashtra inquired about the Central Sales Tax rate for purchasing materials from Faridabad. The response indicated that under the Haryana Value Added Tax, the rate could be 5.25% or 12.50% plus a 5% surcharge on the tax amount. If a C form is provided, the rate would be 2%. The classification of the material is crucial, as items under Schedule C of the HVAT Act, 2003, may have different tax implications. If not classified under Schedule C, the peak rate would apply.