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%

Source

1. Karnataka VAT Commissioner Circular dated 31 March, 2010

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Type : Circulars (5808) Notifications/Circulars (24059)
Tags : vat notification (26)

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