Dear Sir / Madam,
Can anyone tell me MVAT rate on Manufacturing / Reselling of Gift Articles? Any schedule entry reference?
Thanks,
Suraj
1 Replies
Sanket Damodar Karve
(Business)
(179 Points)
Replied 17 November 2012
Item Category Rate of Vat Schedule MVAT Act
Food grains including pulses,
milk, vegetables, eatables, books
and other very essential goods. 0% A
Gold, Silver and precious stones
like diamonds etc 1% B
Industrial Inputs, Capital Goods,
IT & Agricultural Products etc 4% C
Liquor and Petroleum products 20% &
like HSD etc above D
Residuary Goods (not falling in any
f the above categories) 12.5% E
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