How much VAT is at hand on different commodities, what is excise duty rate,service tariff rate n sale import tax rate?
i want percentage and not d hypothesis answers
Answers:
Basically vat rates are 0, 1, 4, 12.5 percent. Some exceptional items are charged beside superior rate of vat. The '0' percent category differs from state to state. In Maharashtra, lone gold ingots and silver articles come lower than '1'% category. Mainly personal wears(readymades etc.), eatable products and ingradients, packing materials and industrial inputs are lower than 4% category. All luxury items and final products and items not covered underneath any other category come below 12.5% catagory. Cloth contained by length, sugar, tobacco products etc and some more things are covered below '0'% catagory. This is solitary broad outline. Composition scheme are also applicable to small retailers, hoteliers, bakers etc. where on earth by they wage smaller number (concessional) vat.
I don't know much give or take a few rates of excise duty.
Service toll rate is 12% and training cess (3% of service tax)is applicable on it (total 12.36%). There are rebate allowed on total collection for solid classes or service providers and the powerful rate of service import tax get lowered than the above rate.
Most of the states within India enjoy opt for VAT and vat have replaced adjectives sale toll law of the opt states.
This is only just broad outline.
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Answers:
Basically vat rates are 0, 1, 4, 12.5 percent. Some exceptional items are charged beside superior rate of vat. The '0' percent category differs from state to state. In Maharashtra, lone gold ingots and silver articles come lower than '1'% category. Mainly personal wears(readymades etc.), eatable products and ingradients, packing materials and industrial inputs are lower than 4% category. All luxury items and final products and items not covered underneath any other category come below 12.5% catagory. Cloth contained by length, sugar, tobacco products etc and some more things are covered below '0'% catagory. This is solitary broad outline. Composition scheme are also applicable to small retailers, hoteliers, bakers etc. where on earth by they wage smaller number (concessional) vat.
I don't know much give or take a few rates of excise duty.
Service toll rate is 12% and training cess (3% of service tax)is applicable on it (total 12.36%). There are rebate allowed on total collection for solid classes or service providers and the powerful rate of service import tax get lowered than the above rate.
Most of the states within India enjoy opt for VAT and vat have replaced adjectives sale toll law of the opt states.
This is only just broad outline.