kruthika
asked
Hi Friends, I am Kruthika. I am preparing for CA exam. I want to know about taxation. Can I know, What is rate of vat in raj?
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acharya
answered
The vat rate has been increased from 14% to 14.5%.
Composition rate has been increased from .25% to .75% for Gems and Stone and sarafa dealers.
Vat rate is increased from 5% to 8% for mobile phones.
Vat rate is decreased from 5% to 3% for CFL Bulb, CFL Tubelite, LED Bulb and LED Tubelight.
Vat rate is decreased from 5% to 2.5% for used hydraulic excavators, mining machinery.
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veeru
answered
The vat rate has been increased from 14% to 14.5%.
Composition rate has been increased from .25% to .75% for Gems and Stone and sarafa dealers.
Vat rate is increased from 5% to 8% for mobile phones.
Vat rate is decreased from 5% to 3% for CFL Bulb, CFL Tubelite, LED Bulb and LED Tubelight.
Vat rate is decreased from 5% to 2.5% for used hydraulic excavators, mining machinery.
Vat rate is decreased from 5% to 2% for Kota Stone.
CA Sandeep Bohra
answered
-- Taxation is noun that means charge against a citizen's person or property or activity. Taxation refers to the practice of a government collecting money from its citizens to pay for public services.
**VAT IN RAJASTHAN**
--The vat rate is 14.5%.
--Composition rate is .75% for Gems and Stone and sarafa dealers.
--Vat rate is 8% for mobile phones.
--Vat rate is 3% for CFL Bulb, CFL Tubelite, LED Bulb and LED Tubelight.
--Vat rate is 2.5% for used hydraulic excavators, mining machinery.
--Vat rate is 2% for Kota Stone.
--Marble crazy, marble powder and marble chips are VAT free.
--Lens used for operation of cataract (motiabind) are now VAT free.
--Vat rate is 10% for fuel of scheduled flights for all cities other than jaipur.
--Vat rate is 5% for fast food items which are sold in Restaurant other than branded cooked food chain,Hotels less than three star category,Basic heritage hotel
Shubhangi Jain
answered
Change in VAT rates effective from 9th March, 2015
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**In budget 2015 there are a number of changes in the vat rates as follows**:
- The vat rate has been increased from 14% to 14.5%.
- Composition rate has been increased from .25% to .75% for Gems and Stone and sarafa dealers.
- Vat rate is increased from 5% to 8% for mobile phones.
- Vat rate is decreased from 5% to 3% for CFL Bulb, CFL Tubelite, LED Bulb and LED Tubelight.
- Vat rate is decreased from 5% to 2.5% for used hydraulic excavators, mining machinery.
- Vat rate is decreased from 5% to 2% for Kota Stone.
- Marble crazy, marble powder and marble chips are now VAT free.
- Lens used for operation of cataract (motiabind) are now VAT free.
- Vat rate is decreased from 20% to 10% for fuel of scheduled flights for all cities other than jaipur.
- Vat rate has been changed to 5% for fast food items which are sold in
- Restaurant other than branded cooked food chain
- Hotels less than three star category
- Basic heritage hotel
All these changes are effective from 9th of March, 2015. So the dealers dealing in such products need to change the rates with immediate effect.
