K Bala Kishan (Working) (631 Points)
30 March 2010
MUKESH
(Dy Manager - Indirect Taxation)
(35 Points)
Replied 31 March 2010
What does mean by PTS?
Will you mail me copy of notification for change of vat rate in Himachal Pradesh?
K Bala Kishan
(Working)
(631 Points)
Replied 31 March 2010
PTS means PRICE TO STOCKIST
MRP means MAX RETAIL PRICE
below is the HP Notification:
Government of Himachal Pradesh
Excise and Taxation Department
File No. EXN-F(10)-1/2006-II
Shimla, 29th March 2010
NOTIFICATION
Whereas the draft amendments in Schedule 'A' appended to the Himachal Pradesh Value Added Tax Act, 2005 (Act No. 12 of 2005), was published in the Rajpatra, Himachal Pradesh (Extraordinary) on 15-03-2010 vide this department notification No. EXN-F(10)-1/2006-II dated 12-03-2010 in pursuance of the provisions of section 10 of the aforesaid Act for inviting objections and suggestions from the person(s) likely to be affected thereby;
And whereas no objection(s)/suggestion(s) have been received within the stipulated period in this behalf.
Now, therefore, in exercise of the powers conferred by Section 10 of the Himachal Pradesh Value Added Tax Act, 2005 (Act No. 12 of 2005), the Governor of Himachal Pradesh is pleased to make the following amendment in Schedule 'A' appended to the said Act (hereinafter called the said Schedule) namely:-
AMENDMENTS
In Schedule `A',---
(i) For the existing PART-II the following new Part-II shall be substituted; namely:-
"Part-II
GOODS TAXABLE @ 4 PERCENTUM
1. Declared goods as specified in section 14 of the Central Sales Tax Act,
1956 (Central Act, 74 of 1956)
2. Edible oils, oil cake.
3. Flour (atta), maida, suji, besan etc.
4. Vanspati (hydrogenated vegetable oil).
5. Vegetable oil including gingili oil and bran oil.
After the newly inserted Part-II, but before the existing Part-111 the following new Part-II-`A' shall be inserted, namely:-
"Part-II-'A'
GOODS TAXABLE @ 5 PERCENTUM
1. Agricultural implements not operated manually or not driven by animal.
2. Areca nut, betel nut and betel nut powder.
3. Wood free Agro Boards and Particle boards made from Sugarcane bagasse and other agri-residue
4. Bamboo, pulp of bamboo, bamboo paper, bamboo wood and its articles (other than those covered by item No. 5 of Schedule ‘B'.
5. Bearings.
6. Bedsheets, Pillowcover, quilts, Blanket, towels & other madeups.
7 Belting.
8. Betel leaves.
9. Bicycles, tricycles, cycle rickshaws, Cycles tyres & Tubes and parts thereof.
10. Bidi leaves.
11. Biomass Briquettes.
12. Bitumen & Coal-tar.
13. Bone meal.
14. Bricks of all kind including fly ash bricks, refractory bricks and asphaltic roofing earthen tiles.
15. Buckets of all kinds except those made of precious metal.
16. Candles.
17. Capital Goods.
18. Castings.
19. Castor oil.
20. Centrifugal, mono block and submersible pump sets and parts thereof.
21. Insecticides, pesticides, rodenticides, fungicides, weedicides, herbicides.
22. Coffee beans and seeds, cocoa pod, tea of all kind (whether leaves or in processed form) and chicory.
23 Coir and coir products excluding coir mattresses.
24. Combs.
25. Compressed Fluorescent Light.
26. Cottage Cheese (Paneer).
27. Cotton and cotton waste.
28. Crucibles.
29. Cups & glasses of paper/ plastic & Leaf plates and cups (other than those specified in item No. 35 of Schedule 13').
30. Desi Ghee.
31. 29. Drugs & medicines including vaccines, syringes & Dressing Medicated Ointment, light liquid paraffin of I.P. grade, medical plant and equipment/ devices & implants
32. Dry fruits, Wet dates & porridge.
33. Electrodes including welding electrodes and welding rods.
34. Embroidery or Zari articles i.e. imi, zari, kasab, saima, dabka, chumki, gota sitara, naqsi, kora, glassbeed & badla.
35. Equipments of all kind for communication such as, Private Branch Exchange (P.B.X.) and Electronic Private Automatic Branch Exchange(E.P.A.B.X.) etc.
36. Exercise books (except those specified in item No. 29 of Schedule `B'), graph book and laboratory note book.
37. Feeding Bottles & Nipples.
38. Ferrous and non-ferrous metals and alloys, non-metals such as aluminium, copper, zinc and extrusions thereof.
39. Fibres of all types and fibre waste.
40. Flyash.
41. Fried and roasted grams.
42. Hand pumps and spare parts.
43. Hardware of Iron & Steel (not enameled or plated).
44. Herbs, bark, dry plants or dry roots, commonly known as jari booti and dry flowers.
45. Hing (Asafoetida).
46. Honey.
47. Hose pipes & fittings thereof.
48. Hosiery goods.
49. Husk & Bran of Cereals & Rice Bran.
50. Ice.
51. Imitation jewellery.
52. Incense sticks commonly known as aggarbati, dhupkathi and dhup bati.
53. Industrial cables (high voltage cable, XL PE cables, jelly-filled cables, optical fibre cables).
54. Industrial input and packing materials as may be notified.
55. Insulators.
56. Intangible goods of all kind like copyright, patent and representative licence etc.
IT products including computers, telephone (including mobile handsets, DVD & CD and parts thereof, teleprinter and wireless equipments and parts thereof) and other products as may be notified.
57. "Telephone, cell phones, tele-printer, wireless equipment and parts thereof, Digital Video Disc & Compact Disc and Information Technology products, that is to say:-
Sr. No. Descripttion
(a) Word processing machines and Electronic typewriters, their parts and accessories,
(b) Microphone, multimedia speakers and Headphones,
(c) Telephone answering machines,
(d) Prepared unrecorded media for sound recording.
(e) IT software on any media, that is to say,—
(i) Disc for laser reading systems for reproducing phenomena other than sound or image,
(ii) Magnetic tapes for reproducing phenomena other that sound or image,
(iii) Other software, on flopphy disc or cartridge tape or on disk or on CD ROM or on other media,
(f) Transmission apparatus other than apparatus for radio or TV broadcasting that is to say,—
(i) Walkie talkie set,
(ii) Cordless handset
(iii) Car telephone,
(iv) Transportable telephone,
(v) Marine radio communication equipment,
(vi) Amateur radio equipment, and
(vii) Cellular telephone,
(g) Radio, Pagers and Demodulators
(h) Aerials, antennae and parts
(i) (a) LCD Panels, LED panels and their parts
(b) Electrical capacitors, fixed variable and parts thereof
(j) Electronic Calculators,
(k) Electrical resistors,
(1) Switches, connectors, relays of up to 5 amperes,
(m) DATA/Graphic Display tubes, other than Picture tubes and parts thereof,
(n) Diodes, transistors and similar semi-conductor devices,
(o) Electronic integrated Circuits and Micro-assemblies,
(p) Signal Generators and parts thereof,
(q) (i) Optical fibre cables made up of individually sheathed Fibres, whether or not assembled with electric conductors or fitted with connectors, and
(ii) Optical fibre, optical fibre bundle and cables other than those specified in part (i) of this sub-item,
(r) Liquid Crystal devices, flat panel display devices and parts,
(s) Computer sytems and peripherals and electronic diaries,
(t) Cathode ray oscilloscopes, spectrum analyzers and signal analyzers,
(u) DC Micro motors and Stepper motors of 37.5 watts,
(v) Uninterrupted power supply system,
(w) Permanent magnets and articles,
(x) Electrical apparatus for line telephony or line telegraphy.
58. Items of food & drinks prepared & sold by dealers running eating places.
59. Kattha.
60. Kerosene Lamps/Lantern, Petromax, Glass chimney.
61. Khoya/Khoa.
62. Knitting wool.
63. Lime, limestone, clinker and dolomite.
64. Lignite.
65. Linear Alkyl benezene, L.A.B. Sulphonic acid, Alfa Olefin, Sulphonate.
66. Murmuralu, pelalu, atakutu, puffed rice, muri.
67. Napa slabs & Slates (rough flooring & roofing stones).
68. Newars.
69. Non mechanised Boat used by Fishermen.
70. Old/used cars. (Tax will be levied on the difference between the selling price and buying price of the old/used cars.
71. Ores and minerals.
72. Paper, Paper board and news print including computer stationery.
73. Pipes of all varieties including G.I. pipes, C.I. pipes, Ductile pipes and PVC pipes and fittings thereof.
74. Plastic footwear, Hawai Chappals & Straps thereof.
75. Plastic granules, Plastic Powder & Master batches.
76. Pre-engineered steel building and steel components thereof including puff panels.
77. Printed material including diary & calendar.
78. Printing & writing ink excluding toner and cartridges.
79. Processed fruits, vegetables etc. including fruit jams , jelly, pickles, fruit squash, paste, fruit drink & fruit juice (whether in sealed containers or otherwise)
80. Processed meat, poultry & Fish.
81. Rail coaches, engines and wagons and parts thereof.
82. Readymade garments.
83. Refractory monolithic
84. Renewable energy devices and parts thereof.
85. Safety matches.
86. Sales of goods (other than those goods specified in Schedule `D') made to Govt. of Himachal Pradesh subject to furnishing of the certificate in form 'D' appended to the end of this part.
87. Sales of goods other than Schedule 'D' goods made to Canteen Stores Department subject to the furnishing of a certificate duly signed and stamped by the officer authorized to make purchases certifying that the goods purchased are meant for sale to serving military Personnel and ex-servicemen directly or through unit run Canteens.
88. Sand & Grit.
89. School bags.
90. Scrap, parings & waste of metals, non metals, glass & plastic.
91. Sewing Machines & parts thereof.
92. Ship and other water vessels.
93. Silk fabrics (subject to abolition of rental agreement).
94. Skimmed milk powder and UHT Milk.
95. Solvent oils other than organic solvent oil.
96. Spectacles, parts & components thereof, contact lense & lense cleaners.
97. Spices of all varities and forms including cumin seed, aniseed, turmeric and dry chillies.
98. Sports goods including exercise & multi gym equipments, accessories & parts thereof.
99. Stainless steel sheets.
100. Starch.
101. Sugar and khandsari.**
102. Tamarind including seed & powder.
103. Textile fabrics.**
104. Beedies
105. Toys.
106. Tractors, threshers, harvesters and attachments and parts thereof.
107. Transmission towers.
108. Umbrella including garden umbrella.
109. Washing soap excluding detergent in all forms.
110. Utensils of all kind including Pressure cookers/Pans except utensils made of precious metals.
111. Writing instruments (other than those specified in item No. 29 of Schedule `B ')
112. Yarn of all type other than cotton and silk yarn in hank and sewing thread.".
Note:- ** The rate of tax in respect of Sugar and Textile Fabrics of this Schedule, shall be applicable from the date as the State Government may notify. ".
By order,
Principal Secretary (E&T) to the Government of Himachal Pradesh
MUKESH
(Dy Manager - Indirect Taxation)
(35 Points)
Replied 31 March 2010
dear,
Our company is in retail business, selling items on MRP or less.
then which price will be considered for charging output tax, MRP or Actual sale price which is less than MRP?
You have mentioned in some states that the vat is payable on MRP
K Bala Kishan
(Working)
(631 Points)
Replied 31 March 2010
Hi Dear Mukesh,
I am very sorry for including that column in the above matter related to PTS/MRP rate fixation. Basically, it depends on the type of business you are dealing with. Actually, those rates are applicable for a pharma business concerns that too not specific. So, whatever you are into it please continue with the legal advise of your Consultant / Advocate. I am not the right person to advise as to which price is to be considered.
Inconvenience regretted.
Regards,
Balu
Trek Technology India PVT LTD
(Accountant)
(21 Points)
Replied 01 April 2010
Hi
Please send me the Latest VAT Rate Amendment notification for bangalore & delhi
K Bala Kishan
(Working)
(631 Points)
Replied 01 April 2010
Enclosed below is the Karnataka amendments and for New Delhi amendments please browse caclubindia website and you will find it with latest amendments and notification too.
Regards,
Balu
AKSHAY ARUNKUMAR BAJAJ
(PROP)
(49 Points)
Replied 01 April 2010
can any one provide list of declared goods
MUKESH
(Dy Manager - Indirect Taxation)
(35 Points)
Replied 01 April 2010
IT IS PROPOSED TO INCREASE VAT RATE ON MOBILE PHONE VALUED RS.10000/- & MORE FROM 5% TO 12.5% .
WHAT IS THE EFFECTIVE DATE FOR ABOVE CHANGE?
K Bala Kishan
(Working)
(631 Points)
Replied 01 April 2010
I understand that the Goverment of Karnataka - Commercial Taxes Department had announced following modification in all leading newspapers of today :
"Rate of tax on sale of medicinal and pharmaceutical preparations by wholesalers and retailers out of stock which has already suffered tax at 4%, continued at 4% for a period of 3 months from 1.4.2010 to 30.6.2010."
In view of the above, there is no need for us to reimburse any stockist the 1% difference on VAT on their stock holding as on 31st march 2010.
Deepak sharma
(Learner)
(1431 Points)
Replied 03 April 2010
Can u please post a copy of notification for change of vat rate in Delhi ?
thanksss. alot
K Bala Kishan
(Working)
(631 Points)
Replied 05 April 2010
Hi Deepak,
You will find the delhi VAT notification in the notifications tab of this website or else please visit, stvat.com for the notification.
regards,
Balu
Sunny Virmani
(Sr. Executive)
(21 Points)
Replied 05 April 2010
Hi All,
Can anyone pls confirm about any change in rate of Vat on goods taxable @ 12.5% earlier in Madhya Pradesh.
If yes then pls send the notification of the same.
MUKESH
(Dy Manager - Indirect Taxation)
(35 Points)
Replied 07 April 2010
Dear Everyone,
Please guide me in finding a appropriate purchase invoice from software solution provider.
We (registered with UPVAT) are purchasing software from Dealer registered at Dvat & also with service tax deptt.
They are charging on Tax invoice Service Tax @ 10.3% then CST @ 5% on the net value (Item value+Service Tax amount)
Please reply. Is it correct in respect to service tax & vat rules.
Regards,
Mukesh
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