Effective 01 April, 2011, the rate of VAT in Orissa has been enhanced, as mentioned below:
| Particulars | Rate up to
31 March, 2011 |
Rate with effect
from 01 April, 2011
|
| Goods falling under Part III of Schedule B and liable to tax at 12.5%
|
12.5%
|
13.5%
|
Source: Notification No. 12390-CTA-7/2011-F, dated 26 March, 2011
Is there any VAT applicable on Iron ore purchase from Mines in Odisha and sale to exporter in Paradip port in Odisha? If yes, how much % is on purchase and sale?
rgds,
Mahua Chakraborty
I am planning to manufacture and sell soya milk & paneer in Odisha. I have following questions.
1. Whether these goods are taxable under Odisha VAT. If yes what is the rate of the same.
2. Whether I have to be registered under OVAT.
3. Whether I can buy the required machineries from outside state as a unregistered person and in that case what will be the tax liability and the procedure to follow.
The Professional Tax Rate Slab has Change from 1st April, 2011 in Orissa?????
Your guidance is realy valuable for us, it was help to us for our updation
Regards
Vinayak Gadage
Samruddhi Industries Ltd’
Sangli – Maharashtra