Tag Archives: Karnataka Value Added Tax

One of our clients, M/s Cement Enterprises, Bangalore, traders in Cement, has raised this query. They are buying cement at the rate of Rs.400/- per bag. They sell them for Rs.350/-.The loss in the sale, i.e., Rs.50 per bag is made good (reimbursed) by the manufacturer as ‘bulk discount’. Now …

  I. KARNATAKA VALUE ADDED TAX   The Following commodities have been exempted from Tax from 1.04.2015 to 31.3.2016: Paddy, Rice and Wheat Pulses Flour and Soji of Rice and Wheat and Maida of Wheat   The Following commodities have been exempted from Tax from 1.04.2015 Footwear of all kinds …