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VAT - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Rate of taxability of iron and steel used for execution of works ...


Iron and steel in works contracts taxed at 4%, other goods follow Third Schedule rates.

January 20, 2015

Case Laws     VAT and Sales Tax     HC

Rate of taxability of iron and steel used for execution of works contract - iron and steel to be taxed at 4% - remaining taxable turnover relating to goods other than iron and steel taxable at the rates prescribed in the Third Schedule over goods - HC

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