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Karnataka vat rate changes from 5% to 5.5% and 14% to 4.5%

Professional


Karnataka VAT Rate changes from 5% to 5.5% and 14% to 4.5% with effect from 1st August 2012 on

Computer Software

Cerels, Coffee, Tea, package Food

Tootpaste, Soaps & Detergents

Cement, Iron and Steel, Sanitary, Plywood and Glass

Motor vehicles spare parts

Photograpy, photo print, processing

With regards,

Subramanya

 

 


Total thanks : 2 times

 
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student


it has chnaged 14 to 14.5%


Total thanks : 1 times

 
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Officer (Indirect taxation)

Dear Mr. Subramanya... Can u please give me any reference or notification about this chage in vat rates?

 
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Professional


Yes Correct Mr.Raju,

its from 5% to 5.5% and from 14% to 14.5%.

With regards,

Subramanya R

 
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Professional


Mr.Rashid,

The info on VAT Rate changes are given in all news papers on 28th July 2012.

Waiting for the notification from Karnataka Commercial Tax dept like u -- LOL

with regards,

Subramanya

 

 
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Store-in-incharge


Dear sir,

What is the rate of VAT to be charge for MS Steel PIPES and TUBEs in karnataka,

 

 
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Officer (Indirect taxation)

Iron & Steel will charge at 5.5%

 
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Professional


As I know Iron and Steel comes under Declared goods under CST act, for which it clearly says that the rate should not exceed 5%.

Can anybody clarify this ?

 
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Compliance -Manager CWA

Find attached K-VAT new notification for rate changes and applicability on goods



Attached File : 643956 1029017 newnotification.pdf downloaded 7397 times
 
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LEARNER


Hi

 

On declared goods, VAT rate will continue at 5%

 
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