Rate of tax

This query is : Resolved 

09 July 2015 Sir,
Please let me know what is the rate of tax for Potato/Banana chips under Karnataka VAT.

09 July 2015

It says '0' but Rate applies to sale of raw and/or frozen chips. However, chips sold hot are liable at the second Reduced rate.

http://www.revenue.ie/en/tax/vat/rates/decision-detail-03866.jsp

20 July 2025 In Karnataka (circa 2015โ€“16 under K-VAT), both potato chips and banana chips were classified as branded or processed snacks and taxed under the general entry for such items.

โœ… VAT Rate on Chips in Karnataka
For both potato chips and banana chips, the applicable VAT rate was 12.5%
revenue.ie
+4
caclubindia.com
+4
taxtmi.com
+4
.
This rate applies regardless of whether the product is a local or packaged branded item. The commodity falls under the K-VAT tax schedule at that rate.

๐Ÿงพ Quick Summary Table
Product VAT Rate (Karnataka)
Potato Chips 12.5%
Banana Chips 12.5%
๐Ÿ”Ž Note:
This is the VAT rate under the old regime. Now superseded by GSTโ€”where snack foods like chips are taxed at 12% GST.
If you need GST details or clarification on classification under GST, feel free to ask!


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