Wednesday, August 3, 2011

Please clarify the rate of tax applicable under VAT for manufacture & supply of electronic equipment to Indian Defence establishments against 'Declaration Form'.

Please clarify the rate of tax applicable under VAT for manufacture & supply of electronic equipment to Indian Defence establishments against 'Declaration Form'.
Ans: The concessional rate of tax under declaration in form D is not available under the VAT regime; the supplies would be liable to regular rate of tax on the commodity under question. Further, even for inter-state sale, the concessional rate is not available from 1-4-2007 as Form D is abolished. The rate of tax applicable for interstate sale to the Defence establishment is the rate applicable under the VAT Act

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