Our Recommendations :-
Follow CA Final FB Page

What is rate of vat in raj?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked over 2 years ago

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?

    0       0 Answer Now Comment Report
4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

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.

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

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.

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 years ago

-- 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

    0       0 Comment Report
Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered over 2 years ago

Change in VAT rates effective from 9th March, 2015 -------------------------------------------------- **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.

    0       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.