Analysis of Union Budget 2017 provisions of Income Tax Service Tax Excise Duty Custom Duty with Budget Highlights Commentary Speech, Notification, News & Articles.
Effective 1 April, 2010, the basic rates of VAT in Karnataka have been enhanced as mentioned below:
|Particulars||Rate up to
31 March, 2010
|Rate with effect from 1 April, 2010|
|Rate of tax on goods falling under Schedule III, other than the declared goods, as specified under Section 14 of the Central Sales Tax Act, 1956 which will continue to be liable to tax at 4%||4%||5%|
|Rate of tax on goods not specified in any of the Schedules as well as the goods transferred during the execution of works contract||12.5%||13.5%|
1. Karnataka VAT Commissioner Circular dated 31 March, 2010