12 December 2011 levy of tax [3. Levy of tax.- (1) There shall be levied and collected a tax on 2[entry of any goods specified in the FIRST SCHEDULE]2 into a local area for consumption, use or sale therein, at such rates not exceeding five percent of the value of the goods as may be specified 3[retrospectively or prospectively by the State Government by notification and different dates]3 and ...

The state government of Rajasthan hiked the Value Added Tax (VAT) on diesel and petrol by 1% and 2%, respectively. The main reason for the increase in prices was the lack of revenue because of the coronavirus outbreak. With the increase, the VAT on diesel is 28% and on petrol, it is 38%.

vat rates karnataka commodity wise, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA, Delhi ...

Gst rate applicable to ayurvedic medicines is put at 12% as against 5% for allopathic medicine. This is quite strange and unreasonable discouraging use of the effective age old ayurvedic system. There are other ayurvedic products like soaps, shampoos, gomutra, tulasi arc etc. where herbals and other natural ingredients are used.

2016 (12) tmi 68 - karnataka high court - cst, vat & sales tax Head Note / Extract: Works contract - commodities of bitumen and jelly - duty chargeable at 4% or 12.5% - Held that: - the Tribunal in the impugned order has considered that the amendment has come into effect from 1st of April 2006.

The VAT Rate Setup tool maintains the history of tax rates configured for the company. This tool helps to configure VAT and CST rates of all stock groups and items in release 5.x. If there are multiple stock items, this tool makes it very easy to configure rates and tariffs for all from one screen. It is a an auto migration tool which displays the VAT rates as defined in the earlier versions ...

2004: KAR. ACT 32] Value Added Tax 817 1[THIRD SCHEDULE 1[XXX]1 1. Omitted by Act 4 of 2010 w.e.f. 1.4.2010. [section 4(1)(a)(ii)] Serial Number Description of goods (1) (2) 1. Agricultural implements not operated manually or not driven by animal 2. All kinds of …

water resources department government of karnataka govt order no. wrd 146 kbn 2017, bengaluru dt: 21-12-2017 schedule of rates for the year : 2018-19

After solar energy devices get exempted from VAT, IIA expects solar power generation in UP to pick This story is from July 17, 2015 Priyanka Singh / TNN / Jul 17, 2015, 19:31 IST

The VAT traders have been enabled to make the Prof. Tax payment in the VAT e-filing system. e-Services Removal of Difficulties Order extending last date for payment of tax under KTPTC& E Act, 1976 ( Profession Tax) till 30th June 2021.

schedule IIB. Print. NOTE : 1. For searching any specific commodity in the list, press ''ctrl'' key with "F" [ctrl + F] and enter the name. 2. For viewing the copy of the notifications please follow the link provided with the respective notification numbers.

All these rates mentioned above are true for retailers, distributors and customers in India. Update:For importers of pet products, import duty will be charged. Tax rate for importers on pet food hsn 23091000 is 30% in total(30% Basic Custom Duty,0% IGST, 0% cess).

The GST rate applicable to such commercial or residential transactions is 12% till 31st March 2019. From 1st April, the applicable GST Rates on residential real estate will be 5% for non-affordable housing properties and 1% for affordable housing properties. No GST is applicable in case you are purchasing a ready to move in property.

I am from Karnataka. Here, the VAT Rate on Alcoholic beverages fit for human consumption is Zero. For other states, you can check with other experts from those particular states. Pradeep Bhat. CA, Bengaluru. 542 Answers. 74 Consultations. 5.0 on 5.0 Talk to Pradeep Bhat; VAT is …

vat rates in karnataka for sand and jelly Karnataka VAT rate changes wef 01042010 Effective 1 April,, vat on sand in karnataka; manufatured sand shedule .... allindiavat the maximum rate specified for declared goods in section 15 of the Central Sales Tax, jelly, pickel,, of Section 4 of the Karnataka Value Added Tax Act, ....

However, Karnataka VAT authorities contended that the trademark is a good as per the definition of the goods provided in the Karnataka VAT and any transaction of assigning rights to use such goods for a consideration would amount to transfer of rights to use, deemed to be sale of goods under the KVAT. Accordingly, the franchiser would be liable ...

Go to Gateway of Tally > Accounts Info. > Ledgers > Create. Create a separate ledger for posting 4% sale as 'Sales @4%'. Set Alter Vat Details : Yes,In new window enter Tax rate 4%,Tax type automatically become "Taxable". You will be asked for an applicable date enter tax rate applicable date.

A brief on VAT (Value Added Tax) What is VAT? VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale.

This Writ Petition is filed under Article 226 of the Constitution of India praying to call for records leading to passing of the Order bearing No.DCCT: (Audit) – 2.8/VAT-167046839 (2012-13)/2017-18) dated 31/03/2018 passed by the 1st Respondent (Annexure-C) under Section 39(1) of the Karnataka Value Added Tax Act, 2003 & etc.

A former VAT official at Karnataka's Commercial Taxes department said there are fineprints to be read in the government's claims. A homebuyer currently pays VAT and service tax on the price of a flat minus land costs, but the GST regime seeks to tax the entire product at 12%.

Know the GST rate for cement, TMT Steel, Bricks/ Block, Sand and all other building construction materials. Goods and service tax system was implemented in July 1st across India to replace indirect taxes levied by Central & state government.

Serial No.. Heading No. of the Central Excise Tariff Act, 1985 (5 of 1986) Sub-heading No. of the Central Excise Tariff Act, 1985 (5 of 1986) Description

2. VAT on Mobile phone charger is reduced from 14.5% to 5.5%. 3. Reduction in VAT on M-Sand (Manufactured Sand) manufacturing machinery/equipment as well as M-sand to 5.5%. 4. VAT rate is reduced to 5.5% on Industrial Cables namely, a. High Voltage Cable, b. XLPE Cables, c. Jelly Filled Cable, d. Optical Fibre Cable and e. PVC Cable. 5.

Karnataka VAT Clarifications Apr 14, 2013; Service Tax applicable in Restaurant Services - Clarifications provided Oct 08, 2013; Clarifications regarding GST in respect of certain services Mar 06, 2018; GST rates for services shall be applicable to supply of …

FKCCI, in association with CTD (K) & CBIC Karnataka, is organising a Virtual Meet on "GST Amnesty Scheme 2021 & Updates on GST" on Thursday, 24th June 2021 between 3.00 PM to 5.00 PM. 21 June Inauguration of the version 2.0 of our website gst.kar.nic.in by Sri. I S N Prasad, IAS, Addl.Chief Secretary, Finance Department, GoK on 21.06.2021 ...

Karnataka VAT Rates. VAT rates are levied on the sale of taxable products and services. These products and services are governed by certain schedules of the Karnataka VAT Act of 2003. Enumerated in these schedules is a list of products and services and the VAT rates applicable …

state wise vat rates list india, Income Tax, Goods and services Tax, GST, Service Tax, Central Excise, Custom, Wealth Tax, Foreign Exchange Management, FEMA, Delhi ...

Rates of VAT on different work contracts. Last updated at Sept. 6, 2016 by Teachoo. In case of Works Contract, Rate of tax on goods applicable depends upon State to State. In Delhi, General Rate of tax applicable in this case is 12.5%.

Judgment delivered by Karnataka High Court on payment of deferment of taxes. Report on Cases Under Revenue Recovery Act. Best Tax payers for FY 2015-2016 ... VAT Gos & Notifications View More. VAT Circulars View More. Information Centre ...

BENGALURU: Petrol, diesel and liquor are set to cost more in Karnataka from April 1 as the BJP government in its 2020-21 budget on Thursday proposed to hike the taxes to mop up additional resources in the face of unprecedented "financial difficulties". Rate of tax on petrol and diesel were increased by three per cent making the fuel dearer by Rs 1.60 and Rs 1.59 per litre respectively.

VAT (Value Added Tax) though does not exist any more but still one need to comply with annual filings. Karnataka government has specified the dealers who need to file annual returns and audit statement in form 240. Dealers are required to disclose turnover details for period April to J…

How much VAT do restaurants need to pay? When it comes to Value Added Tax, different state laws prevail all over our country. It ranges between 5% and 20%. For instance, the VAT that is levied on restaurant bills in Karnataka is 14.5% while it is 12.5% in Maharashtra.

In 2019, GST rates were revised for residential properties, which came into effect from April 2019. At present, the GST rate on under-construction properties is five percent without the benefit of Input Tax Credit (ITC). For affordable houses, i.e. properties priced within Rs 45 lakh, the GST rate is one percent without ITC.

Get accurate Professional Tax Slab rate for Karnataka & other details like PT act, rule, filing of returns, p tax registration, due dates, PT deduction, PT exemption, PT challan & latest professional tax amendment notifications

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