VAT Rates In karnataka - Professionals - GST - TIK Share
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VAT Rates In karnataka


SANJAY KUMAR GANNA

2015-03-02

HI,

Friends There are so many Tax rates for Goods sold in Karnatka like 1%, 5.5% or 14.5% etc.

For me it is always confusing that wich good shall be sold at what RATE.

some products i cannot make out the Rate like: Watch, Lipstick, Pen Stand, Gift articles of different types etc.

Can anyone provide the Rate of Taxes with correct product name?

SANJAY KUMAR GANNA

2015-07-31

Good Question.

Even i was having this Question and I found the Answer for it.

VAT RATES in Karnataka are 1%, 5.5%, 14.5% and 20%.

List of Products i can't share but a link and explaination is as under:

 THE KARNATAKA VALUE ADDED TAX ACT, 2003 - SCHEDULE 
 
Schedule No Description
  Schedule I  Goods exempted from tax under Section 5
  Schedule II  Goods taxable at 1%
  Schedule III   Goods taxable at 5.5%
  Schedule IV  Goods taxable at 20%
  Schedule V  Input tax restricted goods
  Schedule VI Goods taxable on works contract as per rate specified therein each entries as per Sec 4 (1)( c) 
General Category Goods not taxable in any other schedule, taxable at 14.5%

 List of Products Schedule wise as mentioned above click on link

VAT RATES SCHEDULES

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