VAT on Atta in West Bengal

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2011 Dear Sirs,

kindly let me know whether Atta is taxable or not under West Bengal VAT Act, if yes please mention the rate.

Regards,

Guest

Guest (Expert)

25 February 2011 This seems to be the question bothering some of the states. The question of the implementation of value added tax on these commodities has led to confusion in these states.

B N Mahaveer, president, Karnataka Roller Flour Mills Association (KRFMA) holds that such commodities are finished products are are thus to be taxed under VAT.

He said, “Maida, atta and sooji are not foodgrains but converted products.” KRFMA has conveyed to the empowered committee on VAT that some states have exempted maida, atta and sooji from VAT whereas some states have kept the items under the 4 per cent VAT category.

While West Bengal, Delhi and Goa have a zero per cent VAT rate for maida, atta and sooji, Karnataka, Maharashtra, Punjab, Andhra Pradesh and Bihar have imposed a 4 per cent VAT rate. “Karnataka is waiting for the review meet to take a decision on this,” informed Mahaveer

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vishal Kapadiya

Prashant Kotecha

Rajesh

Akash Sawant

JACOB ABRAHAM KURIALANICKAL

Subscribe Now

VAT on Atta in West Bengal

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Senior Executive

Accountant