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 >

VAT rates under Karnataka VAT

    Post New Topic
Pages : 1 2





CHARTERED ACCOUNTANT

[ Scorecard : 37]
Posted On 10 November 2008 at 15:26 Report Abuse

I would like to know the VAT rate under Karnataka VAT for construction of residential flats?

Is it included in Works Contract?


Online classes for CA CS CMA



S.Srinivasaraghavan
Chief Financial Officer and Co

[ Scorecard : 11268]
Posted On 10 November 2008 at 17:19

Yes.





praveen
Chartered Accountant

[ Scorecard : 4888]
Posted On 10 November 2008 at 18:33

yes works contract is included in VAT




K. Gaurish
Government Employee

[ Scorecard : 68]
Posted On 13 November 2008 at 11:54

Residential flats not being goods are not chargeable to VAT.

Such construction amounts to works contract and is chargeable to VAT as deemed sales of materials used in the execution of works contract. Hence the individual  VAT rates on materials used in the works contract need to be considered to charge such deemed sales to VAT.




thirumurugaraja
Accounts Executive

[ Scorecard : 27]
Posted On 09 April 2009 at 09:56

Hi

What is the Present Rate of Tax for Flavours as per Karnataka VAT Act?




thirumurugaraja
Accounts Executive

[ Scorecard : 27]
Posted On 25 May 2009 at 15:12

Originally posted by :thirumurugaraja
" Hi
What is the Present Rate of Tax for Flavours as per Karnataka VAT Act?
"


Total thanks : 1 times



HARSHAD
SERVICE

[ Scorecard : 22]
Posted On 18 June 2009 at 17:39

under which entry drip and sprinkler comes in karnatak vat,

under which entry HDPE pipes and PVC pipes and fittings comes in karnatak vat,maharashtra vat,a.p.vat, tamilnadu vat,rajastah vat,m.p vat, with rate, reply




Mahadev
Articled Assistant

[ Scorecard : 64]
Posted On 19 June 2009 at 15:41

Originally posted by :M. G. SRIDHARAN
" I would like to know the VAT rate under Karnataka VAT for construction of residential flats?
Is it included in Works Contract?
"


 

yes it is included in works contract.  The rate of tax would be 12.5%. However, the standard deduction of 30% can be claimed towards labour charges as per Rule 3(2)(m) of KVAT rules 2005.




kalra narender
proprietor

[ Scorecard : 22]
Posted On 13 July 2009 at 15:50

I would like to know what is tax rate under karnataka vat for printer cartridges, pls give notification no also, if possible. Thanks.




A.R.VIVEKANANDA
Accounts Manager

[ Scorecard : 28]
Posted On 18 August 2009 at 17:51

Can I know what is rate of VAT on Machin Tools spare parts ( CNC / Horizontal / Vertical Turning Machines )???



There are 16 Replies to this message








Related Files








Related Threads


Post your reply for VAT rates under Karnataka VAT



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.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top