Vat on capital goods sale by manufacturer
One of my client is into manufacturing and selling material handling equipments.
These equipments are purchased by him in different parts and he assembles some parts and other are sent as CKD to a dealer in some cases
and in certain other cases to ultimate customer , for whom it is a capital equipment
Pl advise on the TN VAT rate for the transaction
Whether there will be difference in rates
If so what are the rates
Pl advise at the earliest
Asked 1 year ago in VAT from Chennai, Tamil Nadu
An expert from Chennai/ Tamil Nadu please assist the client in the query as the law is state specific.
Talk to Rohit R Sharma
5.0 on 5.0
Th nature of use for the end user would not affect the tax rates. Submission of forms would however effect. For example Form C parties to be charged 2% and higher rates for others.
Talk to Shashank Surana
4.3 on 5.0