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 Gov’t agrees to retain VAT exemptions of seniors, PWDs Read more: https://business.inquirer.net/223121/govt-agrees-retain-vat-exemptions-seniors-pwds#ixzz4W5NV2I48 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
 Understanding VAT refunds

Vat, entry tax slashed
January, 16th 2009

Chief minister Mayawati on the occasion of her birthday announced to decrease the rate of VAT applicable on various articles of daily
use from 12.5% to 4%. Besides, she also announced to cut entry tax on refrigerators, air-conditioners and air-conditioning plants from 5% to 1%. Entry tax on paper used for writing, printing and packing has also been decreased.

The list of items on which the rebate in VAT was announced include dry fruits, supari powder, kasaili supari, coffee beans and seeds, coco beans and seeds, green leaf tea and chikori, hose pipe, ductile pipe, PVC pipe and their fittings etc. It also includes processed and preserved vegetables and fruits, including fruit jam, jelly, pickle, fruit squash, paste, fruit drink and fruit juice (packaged or otherwise) and kutcha kaju.

The list also includes medical equipments, devices and implants -- IB canula, screws and fastener for example hinges, nails, rivets, cutter pins, staple, panel pins, coated and branded abrasives, jointing materials. Other items include word processing machine, electronic typewriter, micro phones, multimedia speakers, headphones, earphones and combined microphone/speaker sets and their spares, telephone answering machines and their spares unrecorded media prepared for voice recording or similar recording or other systems which include CD and DVD.

Likewise, the VAT rates have been brought down from 12.5% to 4% on radio or television telecast, besides digital still image and video cameras and other communication receiver, radio pagers, LCD panels, LED panel and their spares, electronic calculators, signal generators and their spares, liquid crystal devices, flat panes display devices and their spares, uninterrupted power supply device and their spares, line telephony or line telegraphy electronic equipments including cordless handset, line telephone set and communication equipments which are power conveyer of line system or digital line system and video phones.

 
 
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