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rate of tax on finish leather , VAT + CST |
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rate of tax on finish leather |
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Dated:- 20th Aug.2012 Dear Sir, That the purchase and sale of leather we are charging and paid vat @ 4% because the entry of leather is covered under section 14 of Central Sales tax act 1956 read as follows:- 14. Certain goods to be of special importance in inter-State trade or commerce-It is hereby declared that the following goods are of special importance in inter-State trade or commerce (iii) Hides and skins, whether in a raw or dressed state; But after the order of hon,ble Allahabad high court order in Sales/Trade tax revision no. 1286/2009 decided on 25.07.2012 held that dressed leather is different from finished leather please clarify the rate of tax now applicable on finished leather after this order.
With regard J.S. Uppal Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
It may come under the residuary list and may attract the peak rate of VAT under UPVAT Act,2008. Page: 1 Old Query - New Comments are closed. |
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