VAT Rate for contract manufacturing, VAT + CST

[Pradeep Jain]

 Sir,

we have been  manufacturing of  Automotive Transmission  for car  under contract manufacturing for our Customer from our Hosur  ( TN state ) Plant.TVAT   at the rate of 5 percent ( Industrial Input) being paid on the AVTEC Purchase Order Value ( excluding FOC material value).  According to sales tax department of TN.   We are doing  job work  therefore VAT at the rate of 14.5 percent  , on the sale of said Automobile Transmission, is applicable .

Kindly advise.

Regards

Pradeep Jain

 

Please provide your opinion.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.