What are the present rates of Vat, Tds & Service Tax?
- 16 Answers
- 41153 Views
- Genpact, IBM, Medical, I also Faced
- E-Mail Answers
Answer Posted / ashok kumar sahoo
Hi,
1. VAT
1% Tax ( Gold ornaments & Diamonds etc )
5% Tax ( Daily consumable Goods, as usual Goods )
12.5% Tax ( On Luxerious Items etc.)
20% Tax ( On Lubricant Oil etc )
2. TDS is a Direct Tax
Rate of TDS
TDS Rent@10%, Range upto-1,80,000/-
TDS Cont.@2% in case of companies, Range upto 75000/-
TDS Cont.@1% in case of other than companies Like Individual, Partnership firm etc
TDS Comm.@10/- Range upto 5000/- incase of insurance & 10000/- incase of Banking
TDS Proffessional @ 10/- Range upto 30000/-
3. service tax is a Indirect tax
Rate of Service Tax-10.30%
Regards:
Ashok
I Disk Solutions
09861991761
| Is This Answer Correct ? | 10 Yes | 2 No |
Post New Answer View All Answers
when charges PURCHASE @ 12 % TAX RATE ?
what is WCT rate in chhattisgarh
What items fall under the category of ‘securities’?
Please explain how to pass entry for VAT setoff and Service Tax Credit?
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
what is excise return, what is form requirement and what is procedure for excise return?
please tell me friends what are the formats of excise return and vat return?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
how to calculate vat, st, cst, excise duty, customs duty, tds.
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
