Tag: VAT
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India: CG Update, New VAT/CST may benefit Small & Medium Scale Steel Makers
According to CG Budget announcement w.e.f 1 Apr 2014, the new VAT/CST charges implemented as per the industry capital categorization. The steel industry falling under the small scale (capital less than 1 crore) and medium scale (capital less than 10 crore) is being charged by 3% VAT. However, large scale (capital more than 10 crore…