Gujarat State Budget 2012 Proposed changes in VAT rates

March 31, 2012
by
1 min read

The Gujarat Finance Minister placed the Budget for 2012-13 before the State Assembly on 24-Feb-2012. The Budget proposals included the following changes in VAT Rates:

 

Particulars

Existing rates(%)
Incl. Add. Tax

Proposed rates(%)
Incl. Add. Tax

Hinges-butt, tee, lock handle, furniture handle, furniture knob,
drawer channel, furniture hinges, rivets, staples, panel pin, stud,
chains of all kinds, all kinds of metal sections, slotted angles, shelves and accessories, rods, rails, channels and curtain fittings, handles, aldrops, window stay, gate hook, door stopper, brackets, clips, corners, washers, hooks and eyes, hangers, pelmet fittings, sliding door fittings, stoppers, suspenders, wire brushes, wire mesh, metal mesh, wire netting.

15

5

e-Bike (Battery operated two wheelers)

15

5

Medical implants (For heart disease)

5

Fully Exempt

Blood bag

5

Fully Exempt

Helmet

15

5

Mangalori Nalia

5

Fully Exempt

Aquatic feed (For Fish & Sea creatures)

15

Fully Exempt

Toys (except electronic and battery operated)

5

Fully Exempt

Incense stick (agarbatti)

5

Fully Exempt

Pooja Items (divo, ghantadi, poojathali, agarbatti stand, tarbhanu) Prasad- Bhog

15

Fully Exempt

Loban and googal

5

Fully Exempt

Thread used to fly kites, firki

5

Fully Exempt

Dalia, chikki and revdi

5

Fully Exempt

Yogurt, butter, cheese and paneer

15

5

Sabudana (Tapioca)

15

Fully Exempt

Boria, buckle, ribbon, sari pin, broach, kajal for women

15

Fully Exempt

Sanitary Napkins and diapers

15

5

Glass bead

5

Fully Exempt

Tools meant for tailor and barber (Except shaving blade)

15

5

The above changes are likely to be effective from 1-Apr-2012.

PS: The aforesaid budget proposals have been passed in the State Assembly and are effective from 1-Apr-2012.

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