VAT Rates
MVAT / CST RATES |
Exempt |
Nil |
Decleared Good |
5% |
specified good (Sch - c) |
5% |
Not Specified |
12.50% |
Form ’c’ |
2% |
Stock TFR (FORM ’F’) |
NIL |
Exports |
NIL |
Export (Form ’H’ ) |
NIL |
|
|
Composition Tax under MVAT |
Notified Construction Contracts |
5% |
Other Contracts |
8% |
Right to use of mandap |
2% |
Restaurants |
8% |
Bankers |
4% |
Secondhand Car dealers |
12.5% of 15% |
Retailers |
5% |
(on margin i.e. 5/6 th of sales less RD purchase) |
TDS UNDER MVAT |
In case of payments of over 5 Lacs |
Payments to Registed Dealers |
2% |
Payment to Unregistered Dealers |
4% |
This entry was posted on June 21st, 2012 at 06:21:00 pm by Arihant and is filed under VAT DUE DATES, DUE DATES.