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VAT - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Classification of goods - Electrical Insulated Press Board - In ...

VAT and Sales Tax

March 31, 2015

Classification of goods - Electrical Insulated Press Board - In the trade parlance, it is understood as electrical goods. Therefore, that may be the reason why the legislature took the pain to expressly state as to what are the types of paper included in the expression 'paper of all kinds'. They have excluded this particular type of paper - tax to be levied @12.5% under KVAT - HC

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