Please advise me rate of VAT under UP VAT Act-2008 applicable on sale of "Used Ammonia Sythesis Catalyst (Iron Oxide)".
One of our colleague is of openion that it contains 'Iron Oxcide; hence will cover under the Goods of special importance in inter-State trade or commerce as per section 14 of CST Act. and accordingly additional VAT @1% will not be applicable.
However we are charging 5% (VAT @4% plus Additinal VAT @1%).
Please advise to stand me with right action.