Rates of entry tax

[Puneet1987]

• Rates for:
o VAT: 31 States including Union Territories
o Entry tax: 19 States
o Sales tax: 30 States including Union Territories
• Number of commodities identified: 12,500 plus
• Number of Notifications: 3000 plus
• Number of cases (Commodities): 1450 plus
• Time taken to view one commodity in more than 25 States: less than a minute
States Covered
Andhra Pradesh
Assam
Arunachal Pradesh
Bihar
Chandigarh
Chhattisgarh
Daman and Diu
Delhi
Goa
Gujarat
Haryana
Himachal Pradesh
Jammu & Kashmir
Jharkhand
Karnataka
Kerala
Madhya Pradesh
Maharashtra
Manipur
Meghalaya
Mizoram
Nagaland
Orissa
Pondicherry
Punjab
Rajasthan
Sikkim
Tamilnadu
Tripura
Uttaranchal
Uttar Pradesh
West Bengal

Facilities
In the software, for:
• List of the commodities (identified from the Schedule Entries)
• Selection of more than one commodity and States
• Identification of the selected commodity in the relevant entry
• Determination of applicable effective rate
• Comparative rate in selected/all States
• Report on commodity selected
• Search facility in Court Observations enabling decisions on words, expressions and phrases
Features
• Comprehensive information
• Uniform presentation
• Comparative rate analysis for different States
• Links to all applicable provisions
• Aids for classification:
o Court decisions relating to commodities
o Central excise Tariff, without rates
• User-friendly
Content
VAT, Sales tax, Entry tax and Central sales tax Rates and in that:
• Commodities; Point of levy; applicable and effective Rate of tax (including additional levies)
• Full text of the relevant Entries (as in the Schedules describing goods)
• Relevant/Full text of Notifications modifying the rate or conferring exemption
• Commodity words to facilitate selection
• Entry search to facilitate selection of entry
• Generally, Outline of Sales tax and Entry tax laws
Uses
• Classify the commodity
• Determine the point of levy
• Ascertain the rate of tax
• Ascertain the modification / exemption / changes in the:
o Classification
o point of levy
o rate of tax
• Determine the applicable/effective rate of tax The information could be used for:
• Planning a transaction
• Locating a transaction
• Execute a transaction
• Identify sources of purchase
• Budgeting costs for tender
• Comparative position
• Competitive bidding, and so on

:SugarwareZ-026

 

[Business-education]

We pay tax and it feels like hitting axe, well but it is the national duty and responsibility and we all should pay tax but, only when we have trust that the money paid by us is used for the development of the nation. But, it looks like Delhi people have to face very hard time after Delhi CM, Arvind Kejriwal, imposed tax hike on them.