Material Purchase TAX CODES

LK Input 10.30%Excise no-cr+2%CST(C-form)

NC Input 0%Excise no-cr+4%VAT credit-Karnataka
ND Input 0%Excise no-cr+4%VAT credit-Tamilnadu
NG Input 10.30%Excise no-cr+4%VAT credit-Karnataka
NH Input 10.30%Excise no-cr+4%VAT credit-Tamilnadu
NO Input 0%Excise no-cr+12.5%VAT credit-Karnataka
NP Input 0%Excise no-cr+12.5%VAT credit-Tamilnadu
QC Input 0%Excise no-cr+4%VAT no-credit
TI Input 0%CENVAT+2%CST(C-form)
TK Input 10.30%CENVAT+2%CST(C-form)
V0 Input Zero Tax
VC Input 0%CENVAT+4%VAT credit-Karnataka
VD Input 0%CENVAT+4%VAT credit-Tamilnadu
VG Input 10.30%CENVAT+4%VAT credit-Karnataka
VH Input 10.30%CENVAT+4%VAT credit-Tamilnadu
VS Input 10.30%CENVAT+12.5%VAT credit-Karnataka
VT Input 10.30%CENVAT+12.5%VAT credit-Tamilnadu
SERVICE TAX CODES
S0 Input service tax-0%
S1 Input service tax 12.36% - Karnataka
S2 Input service tax 12.36% - Tamilnadu
SF Input service tax credit-3.09% on freight
SG Input service tax no-cr-3.09% on freight