Increase in MVAT Rates from 4% to 5%
The Maharashtra Government has issued notification No VAT-1510/CR 47/Taxation-1.- dated 10th March, 2010; increase in rates of MVAT from 4% to 5% on sales of all goods which are now taxable at 4%. However rates of taxes of goods declared u/s. 14 of CST Act, 1956 i.e. declared goods, will continue to be taxed at 4% and there is no change in rate of taxes of these goods.
The increase in rate shall come in force from 1st April, 2010.
FINANCE DEPARTMENT
Mantralaya, Mumbai-400 032, dated the 10th March, 2010.
NOTIFICATION
THE MAHARASHTRA VALUE ADDED TAX ACT, 2002
No VAT-1510/CR 47/Taxation-1.- In exercise of the powers conferred by sub-
section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002, (Mah. IX of
2005), the Government of Maharashtra hereby amends with effect from the 1st
(1) in Schedule-A, in entry 45, in column, (2) for the words, figures and
Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) but
excluding those specified in Schedule-
(2) in Schedule-C,
(a) in column (3), against entries at serial numbers 1, 2, 3, 5, 6, 7, 9, 10, 11,
12, 13, 14, 15, 16, 17, 18, 19, 21, 23, 24, 26, 28, 29, 29A, 30, 31, 32, 33,
34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 46, 47, 49, 50, 51, 53, 54, 56, 58,
59, 61, 62, 64, 65, 66, 67, 69, 70, 71, 72, 73, 74, 75, 76, 77, 79, 80, 81, 82
83, 84, 85, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99,100, 102, 103,
104, 105, 106, 107, 108, 109, 110, 111, 112, 113 and 114 for the figure
(b) for entry 4, the following entry shall be substituted, namely:
(a) Cotton yarn but not including cotton yarn 4%
waste;
(b) Save as provided in clause (a) above, any
yarn whether covered with any material or
not; sewing thread, waste of any of them,
excluding cotton and silk yarn in hanks as covered
under entry 17 of Schedule A.
(a) Fabrics and sugar as defined from time to 4%
time, in section 14 of the Central Sales Act,
1956.
(b) Varieties of Textile and Textile Articles as
may be notified from time to time, by the
State Government, in the Official Gazette.
By order and in the name of the Governor of Maharashtra,
CHITRA KULKARNI,
Officer on Special Duty to Government.
Written by ntnirale on March 19th, 2010 with comments disabled.
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