Clarification VAT 2015

  • 12th October 2017
  • Posted by: web@taxes
  • Category: Clarifications
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Subject
1 Elastic tapes, webbing tapes and ribbons of narrow woven fabrics are exempted from tax
2 Clarification U/s 94 – Compounded works contractor and the rate of tax on suppressed turnover
2 Products ‘Clohex’ and ‘Clohex Plus’ are taxable @ 5% and product ‘Senquel AD’ is taxable @ 14.5%
3 Scented arecanut is taxable @ 5%
4 Tax liability on Supplying and fixing of auditorium chairs to the theatres – reg.
5 Tax liability on the Design, supply, installation, testing and commissioning of 12MWp capacity grid connected Solar PV Power system
6 Agricultural and municipal waste conversion devices are taxable @ 5%
7 Kera Picker and Wonder Climber are exempted.
8 Nylon Monofilament line is taxable @ 14.5%
9 Taking over the branches of a proprietary concern by a Private Limited Company would be treated as new branches by the Private Limited Company
10 Printed banners, hoardings and leaflets of Poly Vinyl Chloride / Polyethylene and other plastic sheets would be taxable at the rate of 20% wef 1/4/2015
11 Aluminium profiles used for Door Bottom, Door top, Verticals, etc. are taxable @ 5%
12 Joint Venture Company, bunker sale and tax liability
13 Hydroponics Green House for Maize fodder Production is taxable @ 14.5%
14 Brooms, brushes and mops, in the manufacture of which plastic is used in any form, either in the handle or in the portion used for cleaning would be taxable @ 5%
15 all polypropylene ropes other than those sold by Matsyafed, Theeramythri units approved by Government and Fishermen Co-operative Societies would be taxable @ 5%
16 Government works even executed through sub-contractors
17 Silicon Sealant imported and cleared under the HSN 3910.00.90 is taxable @ 5%
18 Tax to be deducted at source by awarder for local works contract
19 Dolomite is taxable @ 5%
20 All electronic toys, all manually operated toys made of plastic and all manually operated toys made of metals with plastic accessories are taxable % 14.5%. All manually operated toys made exclusively of metal are taxable @ 5% w.e.f 1/4/2015
21 The product ‘Appy Fizz’ is taxable @ 20%


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