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What is the vat tax in Karnataka?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shruthi asked over 2 years ago

What is the vat tax in Karnataka and how it will work?

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3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

The Following commodities have been exempted from Tax from 1.04.2015 to 31.3.2016: Paddy, Rice and Wheat Pulses Flour and Soji of Rice and Wheat and Maida of Wheat The Following commodities have been exempted from Tax from 1.04.2015 Footwear of all kinds costing up to five Hundred Rupees per pair Handmade Floor mats and runners, utility bags and other utility products made of banana fibre and other natural fibres of agricultural waste, but excluding rubberized fibre products.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 2 years ago

**VAT TAX IN KARNATAKA** The Following commodities have been exempted from Tax from 1.04.2015 to 31.3.2016: Paddy, Rice and Wheat Pulses Flour and Soji of Rice and Wheat and Maida of Wheat The Following commodities have been exempted from Tax from 1.04.2015 Footwear of all kinds costing up to five Hundred Rupees per pair Handmade Floor mats and runners, utility bags and other utility products made of banana fibre and other natural fibres of agricultural waste, but excluding rubberized fibre products. Tax on following commodities have been reduced to 5.5%: Kerosene wick Stoves M-Sand (Manufactured Sand) Mobile Phone Charger whether sold along with the mobile phone in sealed pack or otherwise. The following goods have been notified as Capital Goods/Industrial Inputs/Packing Materials taxable at 5.5% VAT: M-Sand manufacturing Machinery Pallets, Box Pallets and other Load Boards: Pallet collars Pre-sensitized lithographic plate. Industrial cables namely high Voltage Cable, XLPE Cable, Jelly filled cable, Optical Fibre cable and PVC Cable VAT rate of 17% has been increased to 20% on cigarettes, Cigars, Gutkha and other manufactured tobacco Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 p samal answered over 2 years ago

Karnataka VAT Rate changes from 5% to 5.5% and 14% to 4.5% with effect from 1st August 2012 on Computer Software Cerels, Coffee, Tea, package Food Tootpaste, Soaps & Detergents Cement, Iron and Steel, Sanitary, Plywood and Glass Motor vehicles spare parts Photograpy, photo print, processing.

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