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VAT in MH currently is 5%
14.5% are VAT rates applicable on bleaching powders in the states of India.
General VAT is 20%, a lower rate of 8,5% is payed for some products, such as food, cultural products etc.
There is only one type of VAT in India. VAT stands for Value Added Tax. There are however, different rates of VAT on different types of products.
yes - different rates for services, goods etc
Vat is not applicable. because it is a interstate sale. so only cst is applicable . cst 2%. along with form 'c'...if form 'c' is not provided by the buyer, then state vat is applicable...
in additional budget 2009 of maharashtra government vat rate on liquor changed from 20% to 25% but date of effect is not clear
VAT will have only four rates instead of large number of rats of Sales Tax, with off setting of tax on inputs against that on output; VAT does away with tax on tax. Claiming input tax credit under VAT ensures proper invoicing. Overall, these features of VAT encourage disclosure of complete information on business turnover.
8 per cent. d.jones If you check with the Institute of Fiscal Studies you will see that the VAT rate in April 1973 was 10%. It was reduced to 8% in the following year.
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
In general, water rates are usually exempt from Value Added Tax (VAT) in most jurisdictions as they are considered essential services. However, it's important to check the specific regulations in your area as this can vary depending on the location and laws governing taxation.
As of the 1st of January 2013 the standard rate is 23%. There are also some other rates. See the link below.