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VAT - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - ...

VAT and Sales Tax

April 29, 2015

Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC

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