Effective 01 April, 2012, the rate of VAT in Kerala has been enhanced, as mentioned below:
Particulars Rate up to 31 March 2012 Rate with effect from 01 April 2012
Goods falling under Third Schedule and liable to tax at 4%
4%
5%
Goods not falling under any Schedule (Residuary) and liable to tax at 12.50%
12.50%
13.50%
Social Security Cess collected from dealer @ 1% on tax payable by them would be withdrawn under Kerala Value Added Tax Act, 2003 with effect from 1st April 2012.
Source: Kerala Finance Bill 2012 read with Kerala Provisional collection of Revenues Act, 1985
Particulars Rate up to 31 March 2012 Rate with effect from 01 April 2012
Goods falling under Third Schedule and liable to tax at 4%
4%
5%
Goods not falling under any Schedule (Residuary) and liable to tax at 12.50%
12.50%
13.50%
Social Security Cess collected from dealer @ 1% on tax payable by them would be withdrawn under Kerala Value Added Tax Act, 2003 with effect from 1st April 2012.
Source: Kerala Finance Bill 2012 read with Kerala Provisional collection of Revenues Act, 1985
1 comment:
What is the Chemical Fertilizer Tax rate in kerala?
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