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Issue ID: 4274
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Sales tax percentage

Date 19 Jun 2012
Replies 1 Reply
Views 1722 Views
VAT rate for IT products under the MVAT framework is specified in the tax schedule as a reduced standard rate.
Goods classified under HS code 84713010, treated as information technology products, attract the VAT rate set out in the tax schedule; the tax schedule lists a VAT rate of 5% for IT products, which governs the levy on items within that tariff classification. (AI Summary)

Hello,

Can anybody help me with the percentage of sales tax to be levied for goods classified under HS code 84713010

Thanks

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Replied on Jun 22, 2012
1.

Under MVAT Act, IT Products attract VAT Rate @ 5%.  This has been mentioned in the Tax Schedule pertainint to IT Products.

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