Dear Sir / Madam,
Can anyone tell me MVAT rate on Manufacturing / Reselling of Gift Articles? Any schedule entry reference?
Thanks,
Suraj
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Mvat rate on gift articles
Replies (1)
Item Category Rate of Vat Schedule MVAT Act
Food grains including pulses,
milk, vegetables, eatables, books
and other very essential goods. 0% A
Gold, Silver and precious stones
like diamonds etc 1% B
Industrial Inputs, Capital Goods,
IT & Agricultural Products etc 4% C
Liquor and Petroleum products 20% &
like HSD etc above D
Residuary Goods (not falling in any
f the above categories) 12.5% E
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