what are the vat charged on different items?
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The VAT Rates in India will differ based on the type of goods and from State to State. Therefore, it is important for the Entrepreneur to be conversant with the State’s regulation with respect to VAT. However, VAT Rates in India can be divided into three main categories, which are common for many states:
In many states, 1% or 2% VAT Rate is applied for precious stones, precious metals like silver, gold and platinum, bullions, jewellery, etc.,
4% or 5% VAT Rate
Many states have adopted a VAT Rate of 4% or 5% for a large number of basic necessity goods. Some of the goods included in this category in many of the States include coffee, coir, cotton, edible oils, medicines, drugs, agricultural implements, etc.,
*General VAT Rate
In addition to the above VAT Rates, many states also have other levels of VAT based on the Goods. Very high VAT Rate of over 20% is usually levied for goods such as imported liquor, cigarettes, etc., Many states also have a General VAT Rate of around 12.5% which is meant as a catch-all for goods not falling in any of the listed category. This category of goods not falling in any of the other category are usually taxed at 12.5% or 13.5% or 14% depending on the State.
*VAT Rates in India by State
The following are the prevalent VAT Rates in some of the major States of India:
Delhi VAT Tax Rates Schedule
UP VAT Tax Rat
Karnataka VAT Tax Rates
Gujarat VAT Tax Rates
Tamil
In many states, 1% or 2% VAT Rate is applied for precious stones, precious metals like silver, gold and platinum, bullions, jewellery, etc.,
4% or 5% VAT Rate
Many states have adopted a VAT Rate of 4% or 5% for a large number of basic necessity goods. Some of the goods included in this category in many of the States include coffee, coir, cotton, edible oils, medicines, drugs, agricultural implements, etc.,
*General VAT Rate
In addition to the above VAT Rates, many states also have other levels of VAT based on the Goods. Very high VAT Rate of over 20% is usually levied for goods such as imported liquor, cigarettes, etc., Many states also have a General VAT Rate of around 12.5% which is meant as a catch-all for goods not falling in any of the listed category. This category of goods not falling in any of the other category are usually taxed at 12.5% or 13.5% or 14% depending on the State.
*VAT Rates in India by State
The following are the prevalent VAT Rates in some of the major States of India:
Delhi VAT Tax Rates Schedule
UP VAT Tax Rat
Karnataka VAT Tax Rates
Gujarat VAT Tax Rates
Tamil
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