India V.A.T and Sales Tax
- The standard rate of state VAT is 12.5%-15% varying from state to state depending on the nature of products.
- The minimum annual turnover for V.A.T. registration is INR 1 million.
- V.A.T. returns are filed on a monthly or quarterly basis.
- Central sales tax of 2% is imposed on transfer of goods between Indian states.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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