TAX RATES IN DELHI VAT

This query is : Resolved

SUMIT RAI (Querist)
Follow

26 August 2009 WHAT IS THE TAX RATE OF ENGINE OIL IN DELHI STATE.

I WANT TO KNOW THAT COMMODITY WISE TAX RATE IN DELHI VAT.

Sanjeev Kumar

Sanjeev Kumar (Expert)
Follow

26 August 2009 @20%

SUMIT RAI

SUMIT RAI (Querist)
Follow

26 August 2009 Sir Do you have TAX RATE LIST IN DELHI VAT, IN UNDER SCHEDULE IV HAVING COMMODITY TAX RATE IS 20% BUT ENGINE OIL NOT MENTIONED UNDER SCHEDULE-4 OF DVAT ACT. SO PLEASE CLARIFY.

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

26 August 2009 Rates of Tax

The DVAT Act prescribes the following rates of tax on different types of goods:

1. 1% Rate: Goods listed in the Second Schedule

2. 4% Rate: Goods listed in the Third Schedule

3. 20% Rate: Goods listed in the Fourth Schedule

4. 12.5% Rate: Goods involved in the execution of works contract

5. 12.5% Rate: Any goods not mentioned in the Second, Third, or Fourth Schedules above, or in the First Schedule (exempted goods).

Message likes : 1 times