Jammu and Kashmir VAT rate changes w.e.f. 1st April 2010

By TG Team Goods and Services Tax Notifications , Notifications/Circulars April 6, 2010

Effective 1 April, 2010, the basic rates of VAT in Jammu and Kashmir have been enhanced as mentioned below:

Particulars	Rate up to 31 March, 2010	Rate with effect from 1 April, 2010
Goods falling under Schedule C and liable to tax at 4%, 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%
Goods falling under Schedule D	12.5%	13.5%

Particulars

Rate up to

31 March, 2010

Rate with effect from 1 April, 2010

Goods falling under Schedule C and liable to tax at 4%, 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%

Goods falling under Schedule D

12.5%

13.5%

Source