Saturday, 2 August 2014

Road marking paint is liable to VAT at 12.5% as it is an unclassifiable item under Karnataka VAT Act

CST & VAT: Where assessee was engaged in manufacture and sale of road marking paints/material 'RMP', said product was an unclassified item exigible to tax at 12.5 per cent in terms of section 4(1)(b) of Karnataka Value Added Tax Act, 2003


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