vat rates in india state wise


Govt asks employees to use debit card for personal transaction

Government of India takes policy decisions to encourage cashless electronic transactions Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash In the recent years advancements in banking technology progress in mobile ba

RBI to release new notes for Rs 20 and Rs 50 soon

Issue of Rs 20 banknotes with the inset letter L with numerals in ascending size in number panels and without intaglio printing The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series 2005 with inset letter L in both the number panels bearing signature

RBI advises banks not to trust guidelines being circulated in social media

Information from Unauthenticated Sources Advisory to banks RBI 2016 17 166 DCM Plg No 1500 10 27 00 2016 17 The Chairman Managing Director Chief Executive Officer Public Sector Banks Private Sector Banks Foreign Banks Regional Rural Banks Urban Cooperative Banks State Cooperative Banks Dear Sir Info

Old 500 Note cannot be used at Petrol Pump and for Air Ticket Purchase wef 03.12.2016

MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS NOTIFICATION New Delhi the 30th November 2016 S O 3598 E In exercise of the powers conferred by sub section 2 of section 26 of the Reserve Bank of India Act 1934 2 of 1934 the Central Government hereby further amends the notification of the Governme

ICAI President's Message - December 2016

My dear professional colleagues Indian accountancy profession has been acting responsibly offering its complete support to the Government of India in its initiatives particularly those relating to economy More recently we played a very crucial role in the Governments anti black money drive Income De

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applicability of dvat

whether dvat is applicable fir stiching garments

Cst calculation on vat exempted silver anklets in tamilnadu

Dear Experts I m an Individual from TamilNadu I would like to know a few clarifications over following 1 Currently there is VAT exemption for SILVER ANKLETS in TN I wish to do an Inter State sale of this particular exempted good from TN to ANDRA PRADESH where current VAT for SILVER PRODUCTS is 1 So

Giving bus on contract basis to private company


5% tax ledger vat tax class not create

Respected Sir In tally erp 9 Vat Tax class purchase 5 Input Vat 5 Output Vat 5 not tracking even not showing I had been try to every side but not solve that problem How to create this ledger in Vat Tax class purchase 5 Input Vat 5 Output Vat 5

Service tax and vat

Hello Anuj here I am running a mandap and I have some confusion when it come to raise a invoice This is my initial year 1 Please correct me if I am wrong VAT is only applicable if I am providing catering services otherwise only Service tax is applicable What is the tax percentage I have to charge fo


Benefits of Debit Card Activation – FAQs

Here are given some of the major benefits of Debit Card activation in the form of Frequently Asked Questions FAQs and their Answer format QUESTION 1 Why it is important to have active debit cards ANSWER Debit Card makes your payments much more convenient and secure through an electronic payment faci

Oidar -service tax on leasing dedicated server outside india

Hello I am Indian and leasing a dedicated server from United States I read about OIDAR Service tax Now I need to pay service tax on purchasing server from outside of India USA Thanks

Changeability of Service tax and VAT

owners of building going in for addition and alteration of area of their flats addl fsi thru works contract to a civil Contractor Do the owner need to pay service tax and vat if yes then at what rates the contracts present quotation states VAT 8 on gross value and ST 10 5 He says he had charged on c

chargeability of Service tax and vat on works contract

owners of a building are undergoing addition and alteration of area in existing flat thru civil Contractor are owners liable to pay service tax on such construction and if yes then at what rate and how also applicable rate of VAT

Delhi vat category

Dear Sir What category in Delhi VAT Registration we should choose for client who wish to sell anything he she want

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Compensation to the States

One of the main hurdles which kept the GST Constitutional Amendment Bill pending for long was the demand for guaranteed compensation to the States for the losses which may arise from the transition to GST in the first five years of the GST roll out The Central Government accepted this demand and ame

Section 144 - A new avatar in the Companies Act On 'Auditor not to render certain services'

A New Concept Section 144 of the Indian Penal Code is normally promulgated to avoid unlawful assembly of people with attempt to cause public disturbance It is not on normal situations But for number sack of the Section 144 of the Companies Act 2013 on Auditor not to render certain services what abou

Investment subsidy by State Govt. - Whether excise duty is payable

State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi

Yes, India can have less-cash economy

Yes India can have less cash economy The prime minister has struck a chord with the poor India economy has been the pride of world It has been showcased as the only growing economy a proud moment for Indians particularly under Prime Minister Narendra Modi However a section of media and political par

Payments Banks in India

Payment banks Last week Airtel Bharti has launched its payment bank service Airtel Payments Bank in Rajasthan on a pilot basis and has claimed to have opened nearly 10 000 accounts in rural and semi urban areas within two daysof operation Going forward lots of discussion will be going on about what

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Updated on : 12/6/2016 1:10:33 PM


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