Court Rules Handicrafts Can Use Machinery and Still Qualify for Lower VAT Rate Under DVAT Entry No. 128.

Court Rules Handicrafts Can Use Machinery and Still Qualify for Lower VAT Rate Under DVAT Entry No. 128. https://www.taxtmi.com/highlights?id=22729 Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC en-us Wed, 29 Apr 2015 12:31:10 +0530 Wed, 29 Apr 2015 12:31:10 +0530 TaxTMI RSS Generator Court Rules Handicrafts Can Use Machinery and Still Qualify for Lower VAT Rate Under DVAT Entry No. 128. https://www.taxtmi.com/highlights?id=22729 Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC Highlights VAT and Sales Tax Wed, 29 Apr 2015 12:31:10 +0530 https://www.taxtmi.com/highlights?id=22729