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KARNATKA VAT

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Karnataka Assembly has passed VAT Amendment Bill, 2006 on 29th March 2006.

The Bill inserts a new schedule on Work Contracts. The Bill lists 23 work contracts that will be taxed under VAT.


Tax on work contracts like bottling, canning, packaging of goods, dyeing and printing of textiles, lamination, rubberisation, rewinding of electrical motors, supply and erection of electrical transmission towers, fixing of shahabad slabs and stone, tyre retreading will be lowered†to four per cent.


Work contracts such as electroplating, erection of structural works, printing, programming of computer software, service and maintenance of IT products, sizing and dyeing of yarn, installation of pumpsets and renewable energy devices will continue to attract four per cent tax.†Processing and supply of jewellery will continue to attract one per cent tax.


The VAT Bill proposes to exempt rice, paddy, wheat, pulses and flour, animal shoes and certain parts of animal-driven carts from tax.


The Bill proposes to reduce tax to four per cent†on poha of maize, spent and cut dry chillies and dry chilly seeds, handmade soap, surgical gloves, all compact discs, cold tar, certain test and measuring equipment and certain goods of daily necessity sold by canteen stores department.


April 3, 2006. Karnataka Government has deleted several products including cell phones, multi-media speakers, and a wide-range of telecommunication equipment from list of IT products taxable at four per cent VAT rate.

Microphones, multi-media, speakers, headphones, telephone answering machines, walkie-talkie set, cordless handset, car telephone, marine radio communication equipment, amateur radio equipment, cellular telephone, radio pagers, demodulators, electrical capacitors, electrical resistors, switches, connectors, data, graphic display tubes, permanent magnets and articles and electrical apparatus for line telephony or line telephony† which were taxed at four per cent will attract a levy of 12.5%.

April 3, 2006.Karnataka Government has lowered VAT on certain goods, including plastic items, electrical devices and wrist watches, sold by the canteen department to defence forces from 12.5 to four per cent.
The following commodities will be charged four per cent VAT.


Toilet articles, tooth brush, sanitary napkins, toilet brushes and toilet paper, washing soap, powder and flakes, detergents, laundry whiteners, stain busters and stain removers; Tiffin boxes, thermos flasks, thermoware and casseroles; Electrical fans, iron boxes and immersion water heaters; Mosquito repellents including coils and electrical devices; Articles of plastic; Suitcases costing not more than Rs 2,000 per piece; suitcase covers, school bags; locks, Plastic moulded furniture; wrist watches costing not more than Rs.1,000 per piece; coffee powder including french coffee and instant coffee; instant mix, sambar and rasam powder.


with effect from 1st April 2006

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