TAX RATES & CALCULATION OF TAXES

TAX RATES & CALCULATION OF TAXES

1. Introduction

This article is about the tax rates and calculation in relation to sale being made to some deals etc. We tried our level best to make this article a guiding for

2. TAX RATES: SALE TO UNREGISTERED DEALERS OR OTHERS NOT COVERED IN ABOVE CASE

The tax payable by a dealer on his taxable turnover so far as such turnover relates to the sales of goods to dealers other than covered above:

in the case of goods specified in Schedule A, shall be calculated at the rates specified therein; in the case of declared goods (except those specified in Schedule B), shall be calculated at 4% or such other rate not exceeding the ceiling specified in section 15(a) of the Central Sales Tax Act, 1956 as the State Govt. may, by notification in the Official Gazette, direct; in the case of goods specified in Schedule C, shall be calculated at 4% or such other rate not exceeding 10% as the State Govt. may, by notification in the Official Gazette, direct and finally in the case of other goods, shall be calculated at 10% or such other rate not exceeding 15%, as the State Govt. may, by notification in the Official Gazette, direct:

Where any goods are sold in containers or packed in any packing materials, the rate of tax applicable to such containers or packing materials shall, whether the price of the containers or packing materials is charged separately or not, be the same as those applicable to the goods contained or packed therein. Similarly where such goods are exempt from tax, the sale of the containers or packing materials shall also be exempt from tax.

2.1         No tax payable in case of inter-State trade etc.

Notwithstanding anything contained in this Haryana value added tax act, 2003, a tax on the sale or purchase of goods shall not be imposed under trade etc. this Act:

• where such sale or purchase takes place outside the State;
• where such sale or purchase takes place in the course of import of the goods into, or export of the goods out of, the territory of India; or
• where such sale or purchase takes place in the course of inter-State trade or commerce.

Goods and service tax in case of of inter-State trade etc. Would be very beneficial to tax payers in long run.

3. TAX RATES: PURCHASE TAX

Any goods

1. Which were purchased in Haryana State by a VAT dealer on the sale of which no tax is levied or paid under the Haryana Value added tax Act, 2003; and
2. No tax is payable by him under the Haryana Value added tax Act, 2003 on sale of such goods or goods manufactured therefrom; and
3. No tax is payable by him under the Central Sales Tax Act,1956 on such goods or the goods manufactured therefrom

then he shall be liable to pay tax on the purchase of such goods at the rates specified below.
Exception

No Purchase tax shall be payable wherein goods manufactured from such goods are sold in the course of export of goods out of the territory of India.

Tax Rates

The tax payable by a dealer on his taxable turnover so far as such turnover relates to purchase of goods, shall be calculated at 4% or such lower rate applicable on sale of such goods had it been a sale falling under section 7(1)(a).

3.1         No tax payable in case of inter-State trade etc.

Notwithstanding anything contained in this Haryana value added tax act, 2003, a tax on the sale or purchase of goods shall not be imposed under trade etc. this Act:

• where such sale or purchase takes place outside the State;
• where such sale or purchase takes place in the course of import of the goods into, or export of the goods out of, the territory of India; or
• where such sale or purchase takes place in the course of inter-State trade or commerce.

4. TAX RATES: UNITS IN SPECIAL ECONOMIC ZONES

No tax shall be payable in respect of sale of any goods made by such dealer to a registered dealer for the purpose of setting up, operation, maintenance, manufacture, trading, production, processing, assembling, repairing, reconditioning, re-engineering, packaging or for use as packing material or packing accessories in an unit located in any Special Economic Zone. However this shall be applicable only in respect of such class or classes as specified in the certificate of registration of the registered dealer.

Condition

Dealer selling such goods shall furnish to the prescribed authority referred to in section 7(3) (if so required by him), a declaration in such form and manner, as may be prescribed, and which has been authenticated by the prescribed authority, duly filled in and signed by the registered dealer to whom such goods are sold.

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