Vat Rate Chart In Maharashtra 2015 16

Vat rate chart in maharashtra 2015 16 1516 cr 31 taxation 1 dated 30 03 2016 trade circular no 9t of 2016 dated 22 04 2016. Value added tax or vat is levied both on local as well as imported goods.

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Increase in rate of tax in respect of schedule c schedule d 10 petrol and schedule e goods in maharashtra with effect from 17 09 2016.

Follow us on also read maharashtra seamless drops after weak q3 outcome. Mvat rate schedule b list of the goods which the rate of tax is 1 or 1 10. Vat in india is categorised under 4 heads which are as follows.

The implementation guidelines and rules of value added tax vary from state to state as the tax is collected by state governments. We have summarized below key indirect tax proposals changes budget highlights local body tax to be abolished from 1st august 2015. Rate schedule under the maharashtra value added tax mvat act 2002 up to 30 06 2017.

Levy of sugarcane purchase tax for 2015 16 for sugar exporting factories profession tax exempted to armed personnel of crpf and bsf. Rate schedule under the maharashtra value added tax mvat act 2002 up to 31 03 2019. The value added tax rate in maharashtra for the goods falling under schedule c except declared goods was increased from 5 to 5 50 with effect from 01 04 2016 vide notification no.

The term dealer has been defined u s. Compensation of revenue by enhancing vat tax rate. Incidence and levy of tax.

Mvat rate schedule under maharashtra value added tax updated up to 1st october 2015. The maharashtra tax on entry of motor vehicles into local areas act 1987. Maharashtra hikes vat rate from 5 to 5 5 capital market last updated at march 19 2016 00 01 ist.

Goods covered under entry c 70 in the schedule of maharashtra value added tax act 2002. New rates for petrol are 26 rs 6 per litre for mumbai thane navi mumbai and other notified area and 25 rs 6 per litre for rest of maharashtra making an effective increase of rs. No name of commodity commodities current tax rate schedule no 1 account books 5 c 2 adhesives 5 c 3 adhesive tapes made of plastic 5 c 4 other adhesive tapes 14 5 ca 5 adhesive plaster 14 5 ca.

Commodity wise rate of tax under vat act updated till 02 05 2015 sl. Mvat rate schedule a list of the goods which the rate of tax is nil. The system of value added tax vat has been implemented in the state of maharashtra w e f.

As per the provisions of maharashtra value added tax act 2002 mvat a dealer is liable to pay tax on the basis of turnover of sales within the state. The finance minister of maharashtra presented the state budget for 2015 16 on 18th march 2015 in the state assembly. Cst rate chart ay 2015 16 income tax goods and services tax gst service tax central excise custom wealth tax foreign exchange management fema delhi value.

Vat rates in india.


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