In India, Value Added Tax (VAT) rates are categorized into three main groups:
- VAT Exempted/NIL VAT Rate: Basic goods, particularly those sold by the unorganized sector, are exempt from VAT.
- 1% VAT Rate: Applied to precious stones, metals, and jewelry.
- 4% or 5% VAT Rate: Common for basic necessities like coffee, cotton, and medicines.
A general VAT rate of 12.5% to 14% covers goods outside these categories. VAT rates vary by state, making it crucial for businesses to understand specific regional regulations.
State-Specific VAT Rates
- Delhi
- Uttar Pradesh
- Maharashtra
- Karnataka
- Gujarat
- Tamil Nadu
Given the variability in VAT rates across states, it’s essential for businesses to stay informed about the rates that apply to them locally.
Tools:
- Ireland VAT Calculator
- Madhya Pradesh VAT Rate Calculator
- Spain VAT Refund Calculator
- Nigeria Customs Duty Calculator
- Pakistan Customs Duty Calculator
- Indian Customs Duty Calculator
- US Customs Duty Calculator
- Brazil Sales Tax Calculator
- China VAT Calculator
- Denmark VAT Refund Calculator
- Greece VAT Calculator
- GST Calculator
- GST HST Calculator
- Import Duty Calculator
- India GST Calculator
- Morocco Import Duty Calculator
- New Zealand GST Calculator
- Reverse GST Calculator
- U.S. Sales Tax Calculator
- UK VAT Tax Calculator
- Philippines VAT Calculator
- Australia VAT (GST) Calculator
I’m so glad you covered this topic.