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India V.A.T. and Other Taxes

India V.A.T and Sales Tax
  • The standard rate of state VAT is 5%-15% varying from state to state depending on the nature of products.
  • The minimum annual turnover for V.A.T. registration is INR 500,000.
  • 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.

India Service Tax
  • This tax is imposed on a defined group of services provided in India as follows: advertising services, consultancy services, banking, insurance and more.
  • The tax imposed is 12.36% including CESS.
  • Service tax is paid monthly/quarterly. Returns are filed each half year.

India Wealth Tax
  • The tax is imposed in India on assets specified in the law such as houses, vehicles, plots of land. Individuals and companies are liable for the tax.
  • The tax is not imposed on productive assets or income producing assets.
The tax, at the rate of 1%, is imposed only on assets with a value in excess of INR 3 million.

India Dividend Distribution Tax
Domestic companies paying dividends are subject to the tax.
The effective rate of the dividend distribution tax is 16.995%.

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