VAT State Codes (All States)

VAT State Codes for all states

“INDIA” is world’s largest federal nature democracy consist colorful States and Union Territories. Here Central and State / UT both needs revenue for their owned constitutional objects. In step of reforms in State level taxation system for levy taxes on sale or purchase of goods, the States and Union Territories has already implemented taxation system namely “Value Added Tax” and now preparing for “Goods and Service Tax” (GST). The Tax Payer's Identification Number (TIN) is new unique registration number that is used for identification of the dealers registered under VAT. It consists of 11 digit numerals and will be unique throughout the country. First two digit of TIN No. (out of 11 digit) is represented the State Code. By this, on the basis of first two digit of TIN No. one can easily identify that TIN No is from which State. The given below is the list of State along with their State code and other relevant information. This arrangement of States code is designed by the Census of India and the same is adopted by the States/UT's. This may also help us in filing CST e-Returns.

Sr. No.	Name of State or Union Territories	Type	State Code used for VAT / TIN	First 2 Digit of Transport of State	State Capital
1	Jammu & Kashmir	State	01	JK	Srinagar / Jammu
2	Himachal Pradesh	State	02	HP	Shimla
3	Punjab	State	03	PB	Chandigarh
4	Chandigarh	UT	04	CH	Chandigarh
5	Uttarakhand	State	05	UA	Dehradun
6	Haryana	State	06	HR	Chandigarh
7	Delhi	UT	07	DL	Delhi
8	Rajasthan	State	08	RJ	Jaipur
9	Uttar Pradesh	State	09	UP	Lucknow
10	Bihar	State	10	BR	Patna
11	Sikkim	State	11	SK	Gangtok
12	Arunachal Pradesh	State	12	AR	Itanagar
13	Nagaland	State	13	NL	Kohima
14	Manipur	State	14	MN	Imphal
15	Mizoram	State	15	MZ	Aizawal
16	Tripura	State	16	TR	Agartala
17	Meghalaya	State	17	ML	Shillong
18	Assam	State	18	AS	Dispur
19	West Bengal	State	19	WB	Kolkota
20	Jharkhand	State	20	JH	Ranchi
21	Orissa	State	21	OR	Bhuwaneshwar
22	Chhattisgarh	State	22	CG	Raipur
23	Madhya Pradesh	State	23	MP	Bhopal
24	Gujrat	State	24	GJ	Gandhinagar
25	Daman & Diu	UT	25	DD	Daman
26	Dadra & Nagar Haveli	UT	26	DN	Silvassa
27	Maharashtra	State	27	MH	Mumbai
28	Andhra Pradesh	State	28	AP	Hyderabad
29	Karnataka	State	29	KA	Bangalore
30	Goa	State	30	GA	Panaji
31	Lakshadweep	UT	31	LD	Kavaratti
32	Kerala	State	32	KL	Tiruvananthapuram
33	Tamilnadu	State	33	TN	Chennai
34	Pondichery	UT	34	PY	Puducherry
35	Andaman & Nicobar	UT	35	AN	Port Blair

Lesson-40 How to take Abatement in Tally.ERP9

In this lesson we know about Rate Abatement in Tally.ERP9. Lots of Business take Rate Abatement Effect on Service Tax, Excise Duties etc. But 1st we know about rate abatement. A small definition of rate abatement as follows.

Abatement refers to a reprieve from or reduction in a debt, tax or other payment obligation faced by an individual or company. The most common form of abatement is tax abatement. Tax abatement is also an incentive utilized by cities to encourage the redevelopment of distressed areas by providing real property tax abatement and eminent domain. Another type of abatement is that related to the payment of rent. If a building is destroyed by fire, water damage or another accident, a renter is usually granted abatement from making rental payments. A lesser known form of abatement is penalty abatement, commonly associated with the Internal Revenue Service (IRS). Penalty abatement can help an individual or business reduce or eliminate an IRS penalty and/or interest. To request penalty abatement from the IRS, certain requirements must be met. For example, penalty abatement might be granted if a business or individual is able to prove reasonable cause as to why they were unable to meet their tax obligations.

Basically Rate Abatement is applicable on MRP Based Invoices, Abatement effect on only MRP Value & Excise Duty. So What is the calculation of rate abatement, here it is. Let example start with a excise invoice, 

A Mobile phone amount is Rs. 10200.00 but MRP Base rate is Rs. 9300. Total Quantity 250 Nos., So the formula is = MRP * 30% = AMOUNT - MRP (9300 * 30% = 2790, THEN 9300 - 2790 = 6510) 

I.E. Total Quantity * MRP After Abatement = (250 * 6510 = 1627500), Excise duty will applied on Rs. 1627500-00 + 2% Education Cess %, 1% Secondary Edu Cess + Output Vat / CST.

Total MRP Amount =             1627500-00

Excise Duty @ 12% =             195300-00

Education Cess @ 2% =            3906-00

Secondary Edu Cess @ 1% =   1954-00

Output Vat @ 12.5% =            343896-00  (Output VAT / CST is not effect on abatement)

Following videos shows you how to take abatement in Tally.erp9

Part - 1

Part-2

Delhi Govt. Hike Minimum Wages 2012

The Delhi government has increased for all categories of workers the minimum wage.

Daily wages of unskilled workers in the nine rupees, 10 rupees for skilled labor, skilled labor has been increased to Rs 11.

New minimum wage rates have been applied first of October.These rates are fixed after adjustment of DA. These new employment rates in all scheduled and non-technical inspection staff will also apply to the clerk.

Delhi Labour Minister Dr AK Walia said on Friday announced increase in the minimum wage. According to the new rates, the monthly minimum wage of unskilled labor from 7020 to 7254 were Rs. The daily wages from Rs 270 to Rs 279.

The new monthly minimum wage of skilled workers has been fixed at Rs 8008, whereas previously it was Rs 7748. 298 daily wage has been increased from Rs 308.Increased monthly minimum wage of skilled labor is priced at Rs 8814, whereas previously it was Rs 8528. 328 daily minimum wage has increased from Rs 339.

Clerk and non - technical inspection staff qualification at matriculation minimum wage has been fixed at Rs 8008, Rs 7748 was the first. 298 daily wage was increased from Rs 308. Metric and graduate qualifications between the 8528 minimum wage has been increased from Rs 8814. 328 daily wage was increased from Rs 339.

Qualification at bachelor and above the minimum wage has been fixed at Rs 9594, Rs 9282 was the first. 357 daily wage has been increased from Rs 369. The Delhi government has urged employers that pay the minimum wage increased from October 2012.

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