Gypsum boards taxable at 4 % as per amended Entry 56 of Schedule IV to Rajasthan VAT

Lohiya Agencies Vs Additional Commissioner (Legal) (Supreme Court of India) Conclusion: Gypsum boards would be taxable at 4 percent as per amended Entry 56 of Schedule IV instead of residuary Entry 1 of Schedule V at 12.5% Under the Rajasthan Value Added Tax Act, 2003. Held: M/s. IGL, a manufacturer of drywall or ‘gypsum board’, moved an application before Additional Commissioner for ascertaining whether gypsum board would fall within the category of the amended Entry 56 of Schedule IV of the RVAT, with 4% rate of tax applicable or under the residuary Entry 1 of Schedule V, to be taxed at ...