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Friday 18 February 2011

Changes in VAT rates wef 07-01-2011

Goods Declared Tax Free: 1.Punjabi Jutti, Crudely tanned leather and desi jutti made there of.2.Non branded atta, maida and suji 3. Rice Husk, Rice Bran, deoiled rice bran and phack 4. naku and kinki when used by distilleries.            
Taxable @ 1%: Pulses, Unbranded Besan.
Taxable @ 5.5%: 1.RCC pipes, sewerage pipes 2. Scrap,parings and waste of metals (except iron & steel), non metals, Glass, Plastic 3. Naku and Kinki (except when used by distilleries)
Taxable @ 8.8%:  1.Plastic Grannuels, Plastic Powder, Master batches2. Spectacles, Goggles/sunglasses, parts and components thereof, contact lens and lens cleaners.3. UPS 4. Invertor
Taxable @ 12.5%: Microphone, Multimedia speakers, headphones etc,Telephone answering machines, Transmission appratus other than appratus for radio or TV broadcasting, Walkie Talkie set, cordless handset, car telephone, transportable telephone, marine radio communicaiton equipment, Amateur Radio Equipment, Cellular Telephone. LCD panels, LED panels and parts. Permanant magnets and articles, Electrical Apparels for the telephony or line telegraphy.

Mobile Phones: As per verbal discussion with worthy DETC patiala since entry no.60 of Schedule-B reads as "telephones, cell phones, teleprinter, wireless equipment and parts there of. DVD,CD and IT products" remains the same. There fore rate of tax on mobile phones will continue @ 5.5%