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TMI Blog2018 (6) TMI 561X X X X Extracts X X X X X X X X Extracts X X X X ..... nd parts thereof - 5% (Commodity Code 2026); (b) Pumpsets of 3 HP and 5 HP - 5% (Commodity Code 2026). It is clarified that "Centrifugal and Monoblock Submersible Pumpsets" for water handling are taxable @ 5% as per Entry in SI.NO. 26(a) of Part-B of the First Schedule to the TNVAT Act, 2006". - ACAAR No.93/2015-16 Acts cell-II/33738/2015 - - - Dated:- 22-5-2018 - Dr. T.V. Somanathan, I.A.S. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fic horsepower specified under Entry 26 (a) of Part-B of the First Schedule to the TNVAT Act, 2006, all Centrifugal and Monoblock, Submersible pumpsets irrespective of Horse power will be taxable under the above said entry. They further stated that the Entry 26 (b) of Part-B of the First Schedule to the TNVAT Act, 2006 does not make distinction between Centrifugal and Monoblock submersible pumpset ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al and Monoblock submersible pumpsets for water handling and parts thereof - 5% (Commodity Code 2026) (b) Pumpsets of 3 HP and 5 HP - 5% (Commodity Code 2026) 4.2. In ACAAR No. 94/2015-2016 (Acts Cell-II/33739/2015), dated 30.11.2015 in the case of Tvl. Sri Krishna Trading Co., Kanchipuram, the Authority for Clarification and Advance Ruling has clarified the applicable rate of tax on the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... power irrespective of any horse power would fall under Entry 26(a) of Part-B of the First Schedule to the TNVAT Act, 2006 and attract liability only at 4% during the period from 01.01.2007 to 11.07.2011 and 5% in the period after 12.07.2011 to still. 5. In view of the above, it is clarified that Centrifugal and Monoblock Submersible Pumpsets for water handling are taxable @ 5% as per Entry ..... X X X X Extracts X X X X X X X X Extracts X X X X
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