VAT Software Solutions
No. FD 221 CSL 2006 , Bangalore, dated: 29.11.2006
In exercise of the powers conferred y sub-section (3) of Section 4 of the Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004), the Government of Karnataka hereby reduces, the tax payable by a dealer under the said Act to four percent with immediate effect on the sale of bearings and other articles as specified below, namely:-


Ball bearings
Tapered roller bearings including cone and tapered roller assemblies
Spherical roller bearings
Needle roller bearings
Cylindrical roller bearings
Combined ball or roller bearings
Plumber blocks, bearing housing, locate rings and covers, adopter withdrawal sleeves, locknut, lock-washer clamps and rolling elements.
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