13 Sep 11: The state government has increased the primary VAT (Value Added Tax) slab on essential commodities by 1%. Due to this hike all the goods coming under Schedule IV will have to pay 5% tax as against the…
Tag: vat
Now Filing VAT Returns Will Be Cheap
The filing of the Value-Added Tax (VAT) returns at e-seva centres will be cheaper now. The commercial taxes decided to charge only Rs.10/- from each VAT dealer instead of Rs.50/- which is being collected now. On 7th May, Mr. Asutosh…
Dining Out May Become Expensive Due To Hike In VAT
Dining out is expected to become more expensive, because the state government increased the value-added tax (VAT) by two per cent on food items delivered in hotels and restaurants which have annual turnover of more than Rs 1.5 crore. As…
Five Years Of VAT Introduction: Observes Mixed Results
After five years of introduction of Value Added Tax (VAT) in the State, the mixed results are being observed. The government earned the huge revenue in absolute terms but the growth rate on yearly basis was the lowest during the…
Increase in Value Added Tax
Recently, the state government has increased the Value Added Tax (VAT) rate from 12.5 per cent to 14.5 percent quoting recession as a main reason. According to the state government’s order (G.O.35), goods taxable under Schedule-V of the VAT Act…