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Tax4india ›› VAT›› VAT In India ›› VAT In Rajasthan
VAT In Rajasthan
Value added tax or VAT is the same in all the states across the India. In this financial year the government has notified several states regarding the improved value added tax (VAT) structure.
In an annual budget after it is declared that there is a hike of 1% in VAT. The Rajasthan government make it very clear to the brokers, manufacturer and dealers that this tax will not be imposed on essential commodities such as wheat, sugar, rice, pulses, husk and vegetables.
The current VAT structure will not be applicable on coal, iron, steel, cotton thread, leather and jute as per Rajasthan pre VAT structure 4% of the VAT will be applicable on all these commodities. The dealer and manufacturers are subjected to pay the value added tax on the sales and purchase of goods. If the dealer is paying the tax amount of 10% on the purchase of the goods then the selling will also be consisted of 10% however the additional profit margin will be added on it as per the tax structure so that profit % of the dealer will not hamper.
The different tax margin as per the new VAT structure is applicable with effect from the month of April 2010 in Rajasthan however except special commodities it will not be applicable on daily essential goods. VAT structure is decided in the union budget by the Union government however state has right to change the structure if it has any natural resources such as coal mine, iron ore, steel and petroleum products hence the value added tax structure on natural resources of Rajasthan is decided by the state government. The state government has the constitutional right to implement different VAT structure. Even the state government is allowed to waive the value added tax on exceptional goods.
Law (Legislative Drafting) Department
(Group-II)
Notification
Jaipur, March 31, 2003
No.F. 2(16) Vidhi/2/2003.- In pursuance of clause (3) of Article 348 of the Constitution of India, the Governor is pleased to authorise the publication in the Rajasthan Gazette of the following translation in the English language of the Rajasthan Moolya Parivardhit Vikraya Kar Adhiniyam, 2003 (2003 ka Adhiniyam Sankhyank 4):-
(Authorised English Translation)
The Rajasthan Value Added Sales Tax Act, 2003
(Act No. 4 of 2003)
[Received the assent of the Governor on the 30th day of March, 2003]
An Act to consolidate and amend the law relating to the levy of tax on sale or purchase of goods and to introduce value added system of taxation in the State of Rajasthan.
Be it enacted by the Rajasthan State Legislature in the Fifty Fourth Year of the Republic of India as follows:-
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