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Mvat rate on gift articles

Mahavat 1388 views 1 replies
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975 Points Posted on 07 November 2012

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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On 07 November 2012 at 14:51 Report
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Business
179 Points Posted on 17 November 2012

 

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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On 17 November 2012 at 22:33


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