quesWhat would be the tax implication on business startup

Sir, I am a new startup trading in glass handicraft. I am buying my products from UP and selling it in Jaipur and rear of India. I have heared handicraft is tax free. Is it so? If no, then what would be the tax rates on me? Also, what is the best way to get minimum tax rates. Note- I also have a domicile of UP and if necessary, I can get any registration from UP too. Thanks & regards

  • ansHandicrafts including Wooden Handicrafts and Cane Handicrafts but excluding Wooden Furniture and Cane Furniture; Marble Idols with maximun retail price of rupees six hundred on condition that such Marble Idols are manufactured without using electrical energy ; Marble Handicraft goods; Koramal; Wood Carving is covered under schedule 1 under Serial no. 49, hence exempt from VAT

    Advocate Divesh Sharma

      Bani Park, Jaipur

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Startup Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
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