vat rate

710 views 1 replies

manu

Student

136 Points Joined August 2008

all of you

hello.

as per the budget of rajasthan the normal rate of vat tax is 5%. I want to know that what is the rate on iron scrap after the budget

thanx

manu

Replies (1)

M P Singh

Service - Finance & Taxation

180 Points Joined May 2008

please visit the site of rajasthan commercial taxes and refer scheduleVI in VAT ACT for item wise rates .......

The state government has increased the rate of tax on sales of all goods falling in Schedule IV, i.e., the goods for which rate of tax has been prescribed specifically 4% earlier to 5% with immediate effect, .i.e., w.e.f. 09.03.2010. In other words the goods which were taxable @ 4% earlier has become taxable @ 5%. ( Notification E.12(22)FD/Tax/10-83).