What are the present rates of Vat, Tds & Service Tax?
- 16 Answers
- 42719 Views
- Genpact, IBM, Medical, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / perminder singh
SERVICE TAX RATE IS 12.36%
VAT RATE IS 5%,12.5%,20% & TDS RATE DEPEND UPON ITEMS
| Is This Answer Correct ? | 56 Yes | 13 No |
Answer / nishant sehgal
Vat Rate is 5%,12.5% & 20% & Tds depend on Items
| Is This Answer Correct ? | 48 Yes | 21 No |
Answer / bikash
VAT rate depend on State level legilative in West Bengal
1%,4%,12.5%, 0 rated and exempt Vat
TDS rate depend on upon iteam........
Professional fees @10%
Job Work 1% for individual & 2% Firm
Interest @10%
etc..........
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / pawan rokade
Service tax rate is 12.36%, VAT Rates are 5%, 12.5% & 20%
and Rate of TDS is depend on Sections and Type of Deductor
DS is deducted i.e. U/s 94 C for Individual & HUF TDS Rate
is 1% & for Company or Firm TDS Rate is 2%.
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / santosh aher
Vat: 5%, 12.5%
Tds: JOB WORK 2%, WORKS CONTRACT 2% & INDIVIDUAL W.C. 1%, PROF.FEES 10%.
Service Tax: 12.36%
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / saheli mitra
VAT RATE DEPENDS ON PRODUCTS
SERVICE TAZ 10.36% AND 12.36% DEPENDS ON MATTER
TDS RATE
FOR CONTRACTOR 1% FOR INDIVIDUAL/FROM FIRM AND FOR COMPANY
2%
TDS ON COMMISSION/RENT 10%
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / 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 |
Answer / ravindra chikane
Vat - 12.5 %
Tds -1 %
Service tax - 12.36%
| Is This Answer Correct ? | 16 Yes | 10 No |
i am vasan , how to exampt tds .if am below 140000/-
Can we debit cess & H.cess From Basic Excise Duty
How much cst will be charged on a laptop which is to be delivered from Karnatka to Gujarat?
we are purchasing kraft paper is there any question entry tax over kraft paper as per the orissa entry tax rules. and if so what is percentage of entry tax.
how to treat payment or receit of gift in income tax returns
Telliphone Bill amount is Rs. 50,000/- and Service tax (12.36%) is Rs. 6180/- Total 56180/- is going to Debit a/c. my question is Tds caluculation made for what amount. (50000/- or 56180/-) pl give me correct answer.
when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
how form h fill up?
what are accounting principles
We are purchaseing one machine on duty of payment ( Capital Goods) in the staring of the month financial year 2009-10 at the time of purchase of machine we are not registered with the excise department. But my company registred with the excise department end of the same financial year What can we are taken cenvat credit on capital goods in the year 100% of 50% pls. given the comments or explain me all excise exparts.
WHAT IS TAXATION?
Audit 
