TaxTMI 
TaxTMI 
SALE OF STEAM
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....ALE OF STEAM<br> Query (Issue) Started By: - vishal sharma Dated:- 17-3-2011 Last Reply Date:- 18-5-2011 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>One of my client is having surplus steam gene....
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....rated, which it intends to sell. Whether VAT will be applicable on it. Thanks Reply By Rama Krishana: The Reply: I have tried to find specific information about vat on steam. But, could not found.....
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.... It appears that in many states it is levied at 12.5% as residual entry. Reply By vishal sharma: The Reply: Thanks Mr. Ram Krishana for your opinion. However by going thru the west bengal schedule ....
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....of vat rates,I did not find any item named STEAM or having the chemical property like that of STEAM. Do you mean to say it may be classified under residual category. Like in West Bengal there are sch....
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....edules notified, and item falling under that particular schedule will attract rate specified for that particular schedule. However scheule CA is meant for "LIST OF GOODS TAXABLE AT 12.5%", AND descrip....
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....tion of goods says that "ALL OTHER GOODS NOT SPECIFIED IN SCHEDULE A, B, C OR D'. Awaiting for your valuable reply Thanks Vishal Sharma<br> Discussion Forum - Knowledge Sharing ....