No. of views : (7174)
Changes in TN VAT by Tamil Nadu Budget 2015 (Expert Article)
1. Tax on electricity abolished: Electricity Tax on generating plants using Biomass (excluding bagassee) is exempt to give a boost to green energy producers.
2. Reversal of input tax credit abolished on
3. Dealers can claim ITC on
CHANGES IN TN VAT RATE
Product | Earlier Rate | New Rate |
|
|
|
Mosquito Nets of all kinds | 5% | Exempt |
|
|
|
Cardamom | 5% | 2% |
|
|
|
LED lamps of all kinds | 14.5% | 5% |
|
|
|
Air Compressors | 14.5% | 5% |
|
|
|
Pumpsets upto 10HP and their parts thereof | 14.5% | 5% |
|
|
|
Cellular telephones (Mobile Phones) | 14.5% | 5% |
- Fishing accessories like fish net, fishnet fabrics, fishing hooks, fish seeds, prawn / shrimp seeds, fishing ropes, fishing floats, fishnet twine, fishing lamps & fishing swivels.
- Works contract relating to sizing of yarn.
CA T.R.Srinivasan
Shree Guru Kripa’s Institute of Management
Ph.No.: 97899 76079
Mail ID: trs.connects@gmail.com
Post your requirement - We will connect with the right vendor or service provider
