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
5 Replies
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...
Attached File : 643956 1028623 summary of kvat bill.doc downloaded: 333 times
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
Attached File : 791928 1028769 vat amendment 2012.pdf downloaded: 383 times
Sarita
(Article)
(154 Points)
Replied 02 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 |
|
Attached File : 475564 1028960 summary of karnataka vat bill.doc downloaded: 273 times
RAJU
(LEARNER)
(1089 Points)
Replied 02 August 2012
HI
On declared goods, VAT rate would continue at 5%
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