i want to know what is the rate of VAT in west bengal for various machinery spare parts of engineering ,sugar and textile machines.
what will be the VAT applicable for inter state deals without ' C ' Form.
hat are the tax rates under VAT?
Under VAT, the tax rates on goods range are given in the following Schedules to the Schedule Part Nature of goods VAT Rate Remarks
First Schedule [Ref Sec 9(1), 3(2) of VAT Act] A Various goods 1% Eligible for input tax credit
B Various goods 4% Eligible for input tax credit
C Various goods 12.5% Eligible for input tax credit
Second Schedule [Ref Sec 3(5) of VAT Act] Various goods Not eligible for input tax credit
Third Schedule [Ref Sec 8 of VAT Act] Food and non-alcoholic drinks. Tax amount based on turnover slabs Compounded Tax
Sixth Schedule [Ref Sec 70 of VAT Act] Various goods Goods requiring Transit Pass for movement.
A quick and easy online guide for any kind of business procedures, forms, fees & business essentials. The different modules under the site are VAT, sales tax, income tax, company law, partne ...more