Gist
: Kerala - Rate of Tax – Generators And
Medical Equipments - The effective date of reduction
of rate of tax on generators and medical equipment from
the existing 12.5% to 4% by Circular No.45 of 2007,
dated 24/10/2007 is with effect from 22/10/2007 and
not 22/10/2006.
Sub:-
KVAT Act, 2003- Section 93 – Rate of tax –
Generator sets and medical equipment – reduced - reg.
Read
Circular No 45/2007 dated 24.10.2007 of CCT.
Government
have decided to reduce the rate of tax on generators
and medical equipment from the existing 12.5% to 4%.
Therefore the tax rates stand reduced to 4% for the
following items of SRO 82/2006.
(a)
‘generators’ covered under item No (2) of
serial number 33 and
(b)
the following hospital /medical equipments, namely;
(i) Dentists chirs and parts thereof, covered under
sub item (a) of (2) of serial number 45;
(ii) Hospital beds with mechanical fittings and parts
thereof, covered under sub item (b) and (c) of item
(2) of serial number 45, and;
(iii) Hospital instruments, apparatus, appliances, tools
etc covered under serial number 50.
The
change in the tax rates would come into force with effect
from 22.10.2007 Formal notification to this effect under
section 93 of the Act will be issued immediately.
The assessing authorities shall take note of the change
in the tax rate of the said item.
The Circular read above stands modified to the above
extent.
