Classification of goods - rate of tax - “tyres, tubes and flaps” ...

Tyres, Tubes, and Flaps Taxed Separately from Tractors and Parts Under OVAT Act Entry 119 Schedule B.

January 7, 2023

Case Laws     VAT and Sales Tax     HC

Classification of goods - rate of tax - “tyres, tubes and flaps” being excluded from the purview of preceding words, namely “Tractors, Threshers, harvesters, and attachments and parts thereof” as contained in Entry 119 of Part-II of Schedule B appended to the OVAT Act, the subject-goods do not fall within ambit of said entry. No specific entry being available, “tyres, tubes and flaps” are, thus, subject to tax @ 12.5% up to tax period ending on 31.03.2011 and @ 13.5% after 01.04.2011 as per Part-III of Schedule B to the OVAT Act. - HC

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