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VAT- Karnataka Value Added Tax related News, Articles and Information

7 Tax changes applicable from 1st April 2015

changes under Income tax, Service Tax, and Karnataka State Tax Laws with effect from 1st April 2015

  The following are the important changes under Central and State Tax Laws with effect from 1st April 2015   Conveyance Allowance – Transport allowance (popularly known as conveyance allowance) granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and ...

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Highlights of Karnataka State Budget 2015 -16

Karnataka budget 2015-16

  Here are some of the important points of Karnataka Budget presented by CM Siddaramaiah on 13th March 2015.    1. Profession Tax – The exemption limit is increased from Rs.10,000 to Rs.15,000. (Note: Currently, the employees who are drawing salary between Rs.10,000 and Rs.15,000 are paying Rs.150 per month as ...

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Do you know about FAT Tax on hotel food?

Tax on Hotel Food

This is a very common question I encounter from many people. When you visit a restaurant, the menu card mentions the item wise rate and * mark at the end – Taxes extra! The cost of the food at fine dining (air conditioned) restaurants itself is taxing one’s pocket and ...

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Analysis of tax trouble faced by Amazon in Karnataka

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  All governments talk about simplifying laws to make the life of businessmen easy. But it’s like the saying ‘the slip between the cup and lip’. The politicians promise a whole lot of things before the elections but when they assume office, they take a U turn! None of their ...

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