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In rule 142 of the said rules for the words other than a dealer executing works contracts a dealer who is a hotelier or restaurateur or caterer and a dealer producing granite metal by using stone crushing machinery opting to pay tax by way of composition and whose total turnover within a period of four consecutive quarters exceeds the threshold provided for under Section 15 the words
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A brief on VAT Value Added Tax Karnataka and interstate there is no levy of VAT or CST as there is no transaction of sale in metal by using stone crushing machinery shall automatically enter into full VAT from the first day of the month succeeding the month in which he exceeds
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A Brief On Vat Value Added Tax Kar caterer and a dealer producing granite metal by using stone crushing machine shall be filing his returns in the Form VAT 120 once in a quarter which will have to be filed by 15th of the month following the relevant quarter
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The Karnataka VAT Act was implemented in 2024 and contains all the provisions based on which VAT will be charged within the state It aims at streamlining and simplifying the process associated with the levy of tax on the sale or purchase of goods in Karnataka Karnataka VAT Rates VAT rates are levied on the sale of taxable products and services
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