Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum VAT + CST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

ADVANCE VAT RULING, VAT + CST

Issue Id: - 110050
Dated: 18-3-2016
By:- SUBRAMANIAM MEENAKSHI SUNDARAM

ADVANCE VAT RULING


  • Contents

Dear Sirs,

I am a consignment agent for a Andhra based compnay dealing with ayurvedic products, two years back

I applied for a VAT ruling of 5 % from 14.5%, ( for all ayurvedic medicine and products the vat rate is only 5%)

till date there is no response from the Sales tax department, If the department denies to give VAT ruling of

5 % what will happen, ( we are paying tax @ 5% for the past two years, earlier for 6 years we paid tax @ 14.5%)

(all our product requesting for 5 % tax is having valid AYUSH DEPARTMENT CERTIFICATES)

kindly reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 18-3-2016
By:- Ganeshan Kalyani

When you product is not specifically covered under VAT schedule entry then it will be considered under residual schedule entry and higher rate of tax is liable to be paid. You have applied to get ruling from Authority for Advance Ruling. But so far you have not received any ruling. At the outset I would like to know whether you had followed up with the department for taking up your case or whether there had been a hearing in this regard. Anyway untill you receive any ruling from the authority you should have collected higher rate and paid it to the exchequer. But at present situation there may happen that in ruling you may get unfavourable order. Then in that case you will have to pay the differential tax along with interest. Thanks.


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates