What was VAT rate 2013?
Table of Contents
What was VAT rate 2013?
20%
VAT Rates 2013/14
| From 1 April 2013 | |
|---|---|
| Standard rate | 20% |
| Standard rate VAT fraction | 1/6 |
| Reduced rate | 5% |
| Reduced rate VAT fraction | 1/21 |
Is VAT applicable in Tamil Nadu?
Tamil Nadu VAT. Tamil Nadu Value Added Tax or TNVAT functions and operates according to the state’s rules, regulations, and provisions. Value added tax or VAT, however, has been discontinued with the Modi Government’s implementation of the uniform tax regime (GST).
What was VAT percentage in 2015?
VAT rates
| Effective from | Standard rate (%) | Reduced rate (%) |
|---|---|---|
| 1 January 2016 | 23 | 13.5 |
| 1 January 2015 | 23 | 13.5 |
| 1 January 2014 | 23 | 13.5 |
| 1 January 2013 | 23 | 13.5 |
When was VAT introduced Tamilnadu?
Tamil Nadu Value Added Tax Act, 2006
| Name | Description | Type |
|---|---|---|
| TAMIL NADU VALUE ADDED TAX ACT, 2006 | TAMIL NADU VALUE ADDED TAX ACT, 2006 |
What was VAT in 2014?
VAT rate rises from 17.5% to 20%
What are the taxes in Tamilnadu?
‘ The profession tax collected in India by the government is one of the main sources of revenue for the state government….Tamil Nadu Professional Tax Slab Rate.
| Monthly Salary | Professional Tax Amount Payable in Tamil Nadu |
|---|---|
| Up to Rs.3,500 | Nil |
| Rs.3,500 to Rs.5,000 | Rs.22.5 |
| Rs.5,001 to Rs.7,500 | Rs.52.5 |
| Rs.7,501 to Rs.10,000 | Rs.115 |
When did 15 VAT start?
The standard rate of VAT increased from 14% to 15% from 1 April 2018.
What was the VAT rate in 2011?
In his Budget statement on 22 June 2010, the Chancellor, George Osborne, announced that the standard rate of VAT would rise from 17.5% to 20% from 4 January 2011.
What is green tax in Tamil Nadu?
This tax will dissuade people from using old polluting vehicles and helps in pollution free environment. As per government G.O, vehicles like strong hybrids, electric vehicles and alternate fuels like CNG, ethanol, LPG, etc. to be exempted.
Who introduced sales tax in Tamil Nadu?
The Tamil Nadu General Sales Tax 1939, which was in operation for two decades was replaced by the Tamil Nadu General Sales Tax Act of 1959. The Act of 1959 was passed to implement the recommendations of Dr. P.S. Loganathan, who at the Government’s instance, reviewed the general sales tax system.
What are VAT rates?
VAT rates for goods and services
| % of VAT | What the rate applies to | |
|---|---|---|
| Standard rate | 20% | Most goods and services |
| Reduced rate | 5% | Some goods and services, eg children’s car seats and home energy |
| Zero rate | 0% | Zero-rated goods and services, eg most food and children’s clothes |
