An expert from Chennai/ Tamil Nadu please assist the client in the query as the law is state specific.
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 8 years ago in VAT
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.
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