Rate of tax
This query is : Resolved
09 July 2015
Sir,
Please let me know what is the rate of tax for Potato/Banana chips under Karnataka VAT.
Please let me know what is the rate of tax for Potato/Banana chips under Karnataka VAT.
09 July 2015
It says '0' but Rate applies to sale of raw and/or frozen chips. However, chips sold hot are liable at the second Reduced rate.
http://www.revenue.ie/en/tax/vat/rates/decision-detail-03866.jsp
It says '0' but Rate applies to sale of raw and/or frozen chips. However, chips sold hot are liable at the second Reduced rate.
http://www.revenue.ie/en/tax/vat/rates/decision-detail-03866.jsp
20 July 2025
In Karnataka (circa 2015–16 under K-VAT), both potato chips and banana chips were classified as branded or processed snacks and taxed under the general entry for such items.
✅ VAT Rate on Chips in Karnataka
For both potato chips and banana chips, the applicable VAT rate was 12.5%
revenue.ie
+4
caclubindia.com
+4
taxtmi.com
+4
.
This rate applies regardless of whether the product is a local or packaged branded item. The commodity falls under the K-VAT tax schedule at that rate.
🧾 Quick Summary Table
Product VAT Rate (Karnataka)
Potato Chips 12.5%
Banana Chips 12.5%
🔎 Note:
This is the VAT rate under the old regime. Now superseded by GST—where snack foods like chips are taxed at 12% GST.
If you need GST details or clarification on classification under GST, feel free to ask!
✅ VAT Rate on Chips in Karnataka
For both potato chips and banana chips, the applicable VAT rate was 12.5%
revenue.ie
+4
caclubindia.com
+4
taxtmi.com
+4
.
This rate applies regardless of whether the product is a local or packaged branded item. The commodity falls under the K-VAT tax schedule at that rate.
🧾 Quick Summary Table
Product VAT Rate (Karnataka)
Potato Chips 12.5%
Banana Chips 12.5%
🔎 Note:
This is the VAT rate under the old regime. Now superseded by GST—where snack foods like chips are taxed at 12% GST.
If you need GST details or clarification on classification under GST, feel free to ask!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Households luggage
- Fixed asset entry in tally
- GENERATE E-INOICE IF TURNOVER EXCEED 5 CR FROM YODAY
- TDS 194IB FY 2025-2026
- Taxability in hand of employee
- Updated return invalid tax paid status
- GST procedure on conversion of Partnership Firm to Pvt Ltd
- COP and Employment with CA Firm
- Succession act
- Central excise duty structure after 01/02/2026
- Capital contribution of Land into SPV for Specific project attracts Income Tax & why ?
- Regarding Change in Signature before applying for membership
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
