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How much VAT is there on different commodities, what is excise duty rate,service tax rate n sales tax rate?


i want percentage and not d theory answers

Basically vat rates are 0, 1, 4, 12.5 percent. Some exceptional items are charged with higher rate of vat. The '0' percent category differs from state to state. In Maharashtra, only gold and silver articles come under '1'% category. Mainly personal wears(readymades etc.), eatable products and ingradients, packing materials and industrial inputs are under 4% category. All luxury items and final products and items not covered under any other category come under 12.5% catagory. Cloth in length, sugar, tobacco products etc and some more things are covered under '0'% catagory. This is only broad outline. Composition schemes are also applicable to small retailers, hoteliers, bakers etc. where by they pay less (concessional) vat.

I don't know much about rates of excise duty.

Service tax rate is 12% and education cess (3% of service tax)is applicable on it (total 12.36%). There are rebates allowed on total collection for certain classes or service providers and the effective rate of service tax gets lowered than the above rate.

Most of the states in India have opted for VAT and vat has replaced all sales tax laws of the opting states.

This is just broad outline.
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