11T of 2010
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Dtd.:
17 March 2010 Increase in rate of tax - Schedule C
8th Floor, Vikrikar Bhavan,
Mazgaon, Mumbai- 400010
TRADE CIRCULAR
To,
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|
No.VAT/AMD-1010/1C/1Adm-6 |
Mumbai, Dt. 17th March 2010 | |
| Sub: | Increase in rate of tax - Schedule C. |
| Ref: |
(1) Government notification No. VAT-1510/Cr-47/Taxation-1 dated 10th |
Gentlemen/Sir/Madam,
Government of Maharashtra ha raised the rate of tax under Schedule 'C' of Maharashtra
Value Added Tax Act, 2002 from 4 percent to 5% on goods other than declared
goods with effect from 1st April 2010. A notification to this effect has been
issued as referred above. While issuing the notification, an inadvertent error
had crept in, leading to inference that some fabrics & sugar would become
taxable from 1st April 2010. However, a corrigendum has now been issued to correct
the mistake & it is hereby clarified that the fabrics & sugars which
were tax free prior to issue of this notification continue to remain as tax
free.
You are requested to bring contents of this circular to the notice of the members
of your association.
Your's faithfully,
SANJAY BAHTIA
Commissioner of Sales Tax,
Maharashtra State, Mumbai.