Clarification VAT 2016

  • 12th October 2017
  • Posted by: web@taxes
  • Category: Clarifications
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Subject
1 Thermocol disposable plate was taxable at RNR prior to 1/4/2015 and 20% from 1/4/2015
2 Ayurvedic products falling under the category of gels, face-washes etc. are taxable @ 14.5% and other Ayurvedic Products @ 5%
3 Transfer of goods among different units of MRCMPU are treated as sale
4 Interlock Mud Blocks are taxable @ 5%
5 All disposable plastic cups and tumblers, Styrofoam (Thermocol) cups and plates are taxable @ 20%, Paper cups are exempted, thick plastic trays used as packing materials for electronic items are taxable @ 5%
6 Burgers, chicken – fried and grilled, cooked rice with gravy, wraps consisting of tortillas and french fries are taxable @ 5%
105 boilers, thermic fluid heaters and hot water generators are taxable @ RNR
106 machine made washing soaps by using coconut oil is taxable @ 1%
107 Rate of tax on tyre re-treading
108 plastic planters – pots for agricultural use is taxable @ 14.5%
109 Waterguard Roofcoat is taxable @ RNR
110 printed photographs in book form is taxable @ 5%
114 Sign boards and name boards made using printed PVC/polyethylene and other plastic sheets is taxable @ 20%
115 Handicrafted furniture is taxable @ RNR
116 PVC Profile Panel is taxable @ 5%
117 UPS manufactured by APC involving the range in size from 200VA rating to 600VA, 650VA, 800VA and 1000VA is taxable @ 14.5% wef 01/04/2014
118 Panasonic BG-BL04DCE-G Multi-purpose Solar LED Light & Mobile Charger and Panasonic Solar LED Home Light System are taxable @ 1%
119 Value of medicines supplied free of cost to patients and employees is not liable to be included in the total and taxable turnover
120 Compounded tax payable by a gold dealer
121 Math lab equipments are exempted
122 Applicability of compounded tax on works contracts for aluminium fabrication of doors, windows, false ceiling etc
123 Turnover relating to market margins received by the participants in the future market would not come under the purview of the taxable turnover.
124 Liability of works contract tax related to manufacturing and interstate sale of laboratory infrastructure and allied accessories.
125 Rate of tax applicable for disposable plastic plates, cups, tumblers, trays, lids, containers
126 Fryums would be taxable @ 5%
127 Rate of compounded tax payable for a metal crusher with jaw size 30” x 4” is Rs. 3.20 lakhs from 2014-15 onwards
128 Applicability of VAT on interstate works contract
129 Plastic scrap is exempted w.e.f 13/11/2016 onwards

 



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