HomenewsClarificationsClarification VAT 2019

Clarification VAT 2019

  • 8th April 2019
  • Posted by: web@taxes
  • Category: Clarifications
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Subject
 1 M/s Sree Padmanabha Enterprices – Rate of tax on brass fittings.
2 products like Vicco Vajradanti (Paste Foam), Vicco Vajradanti Strong, Vicco Vajradanti SF (Sugar Free), Vicco Turmeric Skin Cream, Vicco Turmeric-S Skin Cream (Foam Base), Vicco Turmeric WSO – Skin Cream, Vicco Turmeric Skin Cream (in Oil base) and Vicco Narayani are taxable at the rate of 4% / 5%
 3 Semi-manufactured gold or silver are taxable @ 5%.
 4 Multi-function printer is taxable @ 5% under KVAT Act, 2003.
 5 The service of allotment of time slot by a broadcaster to an advertiser on payment of consideration is not exigible to tax under Sec.6 of the KVAT Act, 2003.
 6 Labour portion of repairs for which invoice is raised separately, will not form part of taxable turnover under KVAT Act,2003
 7 Consideration received for the transfer of land is not amenable to taxation under the Kerala Value Added Tax Act, 2003
8 M/s Asianet Satellite Comminications Ltd. – the service of allotment of time slot by a broadcaster to an advertiser on payment of consideration is not exigible to tax.
9 M/s Kays Enterprises – products like Vicco Vajradanti (Paste Foam), Vicco Vajradanti Strong, Vicco Vajradanti SF (Sugar Free), Vicco Turmeric Skin Cream, Vicco Turmeric-S Skin Cream (Foam Base), Vicco Turmeric WSO – Skin Cream, Vicco Turmeric Skin Cream (in Oil base) and Vicco Narayani are taxable at the rate of 4% /5% as per Sl.No.36(27) of Third Schedule of KVAT Act.
10 M/s Sreerosh Properties (P) Ltd – Immovable property is excluded from the definition of goods, total turnover and turnover.
11 M/s Unipower Systems Ltd. – Clarification regarding works executed under agreement with KSEB

 



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