Applicable rate of VAT on "Margarine" - 4% or 12.5% - Moving ...

Debate on VAT Rate for Margarine: Determining if 4% or 12.5% Applies, Excluding Liquid Forms, Under HSN Code 1517.

September 24, 2015

Case Laws     VAT and Sales Tax     HC

Applicable rate of VAT on "Margarine" - 4% or 12.5% - Moving from abstract to the concrete, we can say Margarine is a generic produce having sub-classifications, among which Liquid Margarine stands excluded. Essentially what follows is that the rest of varieties are included or at least have not been separately dealt with. - Classifiable with HSN Code No. 1517 - HC

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