close Change the way you learn with CCI Online Coaching   view more

Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > VAT > Others >

Vat rates

    Post New Topic
Pages : 1





accountant

[ Scorecard : 24]
Posted On 25 August 2011 at 17:48 Report Abuse

I WISH TO KNOW CAN ANY BODY EXPLAIN WHAT IS THE RATE OF VAT IN KARNATAKA FOR GOLD COIN OF 22 CT AND 24 CT. SOME DEALERS ARE CHARGING @ 2% WHILE OTHER ARE COLLECTING @ 1%.



ANIL SULEGAI PREMANATH
ACCOUNTANT

[ Scorecard : 128]
Posted On 26 August 2011 at 13:43

Actually speaking the VAT rates are 2 percent for gold and silver articles w. e. f. 01.04.2011. From the below links you can assure yourself that gold and silver articles are VATable @ 2%

 

http://www.deccanherald.com/content/140705/gold-jewellery-cost-more-certain.html

(refer para 4),

http://www.dnaindia.com/money/report_gold-jewellery-to-cost-more-certain-vat-rates-raised-in-karnataka_1512285

(refer para 7)

 

Thanks.!!!



There are 1 Replies to this message






Related Files








Related Threads


Post your reply for Vat rates



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.