Tax rates

[Former Member]

Hi all,

I want to know the tax rates within a state and state to states which includes exicise duties(bed,aed,ced,cess), vat , cst and lst tax rates.( for manufacturing companies and home home applieances companies). Please inform to me these rates as soon as possible.

Thanks and regards

kesav

[Former Member]

hi kesav,

i am in a maufacturing industry, and whatever u r finding is given below in a simple way:

Excise Rates

BED 8% calculated on base amount

ECS 2% calculated on BED

SECess 1% calculated on BED

Taxes

CST : 2% with 'C' form calculated on BAse value

4% w/o 'c' form calculated on base value

VAT: 4% and 12.5 % depending on material calculated on Base value.

thanks and regards,

Vishal Singh

[Lakshmipathi]

For a manufacturing industry, I believe it starts from 2% and goes upto 12.50%.

thanks

G. Lakshmipathi

[Former Member]

Hi Please find the tax rates

Vat:

VAT will replace the present sales tax in India,the below are the tax rates

0%, ,1%, 4%, 12.5%

Central Sales tax:

Central Sales tax reduced to 2 per cent from April 1, 2008.(central sales tax)

Exception in the Central sales taxes

Central Sales to resellers such as wholesalers and retailers that have a valid state resale certificate.

Central Sales to tax-exempt institutions such as schools or charities

Forms are to be filled?

Form C;

Form D;

Form G;

Forms E-I & E-II.

Excise duty:

Excise duty rate on items currently attracting 4% to be raised to 8% with following major exceptions:

Specified food items including biscuits, sharbats, cakes and pastries

Drugs and pharmaceutical products falling under Chapter 30

Medical equipment

Certain varieties of paper, paperboard and articles thereof

Paraxylene

Power driven pumps for handling water

Footwear of RSP exceeding Rs.250 but not exceeding Rs.750 per pair

Pressure cookers

Vacuum and gas filled bulbs of RSP not exceeding Rs.20 per bulb

Compact Fluorescent Lamps

Cars for physically handicapped

Specific component of excise duty applicable to large cars/utility vehicles of engine capacity 2000 cc and above to be reduced from Rs. 20,000/- per vehicle to Rs.15,000 per vehicle.

Excise duty on petrol driven trucks/lorries to be reduced from 20% to 8%. Excise duty on chassis of such trucks/lorries to be reduced from âu20ACu02DC20% + Rs.10000âu20ACu2122 to âu20ACu02DC8% + Rs.10000.

Excise duty on Special Boiling Point spirits to be reduced to 14%.

Excise duty on naphtha to be reduced to 14%.

Duty paid High Speed Diesel blended with upto 20% bio-diesel to be fully exempted from excise duties.

The ad valorem component of excise duty of 6% on petrol intended for sale with a brand name to be converted into a specific rate. Consequently, such petrol would now attract total excise duty of Rs.14.50 per litre instead of âu20ACu02DC6% + Rs.13 per litreâu20ACu2122.

The ad valorem component of excise duty of 6% on diesel intended for sale with a brand name to be converted into a specific rate. Consequently, such diesel would now attract total excise duty of Rs.4.75 per litre instead of âu20ACu02DC6% + Rs.3.25 per litreâu20ACu2122.

Excise duty on manmade fibre and yarn to be increased from 4% to 8%.

Excise duty on PTA and DMT to be increased from 4% to 8%.

Excise duty on polyester chips to be increased from 4% to 8%.

Excise duty on acrylonitrile to be increased from 4% to 8%.

The scheme of optional excise duty of 4% for pure cotton to be restored.

Excise duty for man-made and natural fibres other than pure cotton, beyond the fibre and yarn stage, to be increased from 4% to 8% under the existing optional scheme.

An optional excise duty exemption to be provided to tops of manmade fibre manufactured from duty paid tow at par with tops manufactured from duty paid staple fibre.

Suitable adjustments to be made in the rates of duty applicable to DTA clearances of textile goods made by Export Oriented Units using indigenous raw materials/ inputs for manufacture of such goods.

Full exemption from excise duty to be provided on goods of Chapter 68 of Central Excise Tariff manufactured at the site of construction for use in construction work at such site.

Excise duty exemption on âu20ACu02DCrecorded smart cardsâu20ACu2122 and âu20ACu02DCrecorded proximity cards and tagsâu20ACu2122 to be made optional. Manufacturers have the option to pay the applicable excise duty and avail the credit of duty paid on inputs.

EVA compound manufactured on job work for further use in manufacture of footwear to be exempted from excise duty.

Benefit of SSI exemption scheme to be extended to printed laminated rolls bearing the brand name of others by excluding this item from the purview of the brand name restriction.

On packaged or canned software, excise duty exemption to be provided on the portion of the value which represents the consideration for transfer of the right to use such software, subject to specified conditions.

Excise duty on branded articles of jewellery to be reduced from 2% to Nil.