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State Level Budget (Rajasthan)

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  1. Rajasthan State Tax rate Increased from 4% to 5%.

  2. Sales tax Registration Limit increased from 5 lac to 10 lac.

  3. No quarterly return required if total tax in last year is less than rs 20,000.

  4. Composition tax increase from 0.25% to 0.50%.

  5. Now hotel industry is in relaxation mode bcoz taxes are charged @ 5% tax instead 14%

  6. any comment please give on this.

Replies (5)
Originally posted by : Naresh Nagpal (Cwa-Final)


Rajasthan State Tax rate Increased from 4% to 5%.


Sales tax Registration Limit increased from 5 lac to 10 lac.


No quarterly return required if total tax in last year is less than rs 20,000.


Composition tax increase from 0.25% to 0.50%.


Now hotel industry is in relaxation mode bcoz taxes are charged @ 5% tax instead 14%


any comment please give on this.
 

than what is the tax rate on iron scrap. please reply

Every type of iron taxable @ 5%
Every type of iron taxable @ 5%

When will this new vat rate @ 5% be effective or will be apply???

Is this from immediate effect or from 1st apr 2010???

It will be effective after the announcement of budget i.e. from 10 march onwards.


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