W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap
krishnakumar
(Compliance -Manager CWA)
(287 Points)
Replied 01 August 2012
| Originally posted by : Meenakshi Mehta | ||
 |
W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap |
 |
Please find attached file which gives clear picture on new notification...
Rashid Imam
(Officer (Indirect taxation))
(296 Points)
Replied 02 August 2012
Its will be applicable on all goods (Including Decleared)
Refer to the attached notification
Sarita
(Article)
(154 Points)
Replied 02 August 2012
| Originally posted by : Meenakshi Mehta | ||
|
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W. e. f. 01/08/2012 VAT has increased to 5.5% & 14.5% in the state of Karnataka. I want to know what will be its effect on declared goods? Kindly clarify....asap |
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RAJU
(LEARNER)
(1089 Points)
Replied 02 August 2012
HI
On declared goods, VAT rate would continue at 5%
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