Rates : The rate of tax defined under section 4 of the Daman & Diu Value Added tax Regulation are as under: Rate of Tax Schedule No. of items (upto 2007-08) 0% I 60 1% II 5 4% III 441 20% IV 8 12.5% Not specified in above schedule. Residucy goods. Interstate transaction means a sale or purchase of goods shall be deemed to take place in the course of interstate trade or commerce if the sales or purchase- (a) occasions the movement of goods from one state to another; or (b) is effected by a transfer of documents of title to the goods during their movement from one state to another. CST Rates at a glance: The CST rates at a glance as applicable w.e.f 01.06.2008 as under in case of both declared goods and other goods. 1) In U.T. of Daman & Diu, the exemption scheme under CST Act has been extended to the industry registered even after 30.04.2000 vide notification dated 05.02.2003 for a period of 15 years from commencing production or up to 31.12.2017 which even is earlier. 2) Central Tax rate : CST rate during 01.06.2008 and onward Sales tax rate for sale within the state CST rate in case of sales to registered dealer (against Forms) CST rate in case of sales to unregistered dealer(application to declared goods as well as other goods NIL NIL NIL 1% 1% 1% 2% 2% 2% 3% 2% 3% 4% 2% 4% 8% 2% 8% 10% 2% 10% 12.5% 2% 12.5% 20% 2% 20% CST rate during 01.04.2007 to 31.05.2008 and onward Sales tax rate for sale within the state CST rate in case of sales to registered dealer(application to declared goods as well as other goods)(against forms) CST rate in case of sales to unregistered dealer(application to declared goods as well as other goods) NIL NIL NIL 1% 1% 1% 2% 2% 2% 3% 3% 3% 4% 3% 4% 8% 3% 8% 10% 3% 10% 12.5% 3% 12.5% 20% 3% 20% Organisation Chart ________________________________________ Daman and Diu Vat schedules Tax rate and organisation chart #doc
sesha

on 07 February 2015

Other files by the user
177 times
130 KB
Rating: Total votes : 14

Download Other files in VAT category





Comments

CAclubindia's WhatsApp Groups Link


Trending Downloads