Fwd: Increase in VAT Rates in Maharashtra

[Hemant Mehta]

APMH & Associates LLP Action Over Consultation Hello ,  Greetings from APMH Team!!!  With new Notification No.  VAT. 1516/CR 123/Taxation-1 issued by Maharashtra Government the Rate of Value Added Tax (VAT) has increased the rate of VAT rates with effect from 17th September, 2016. The following are the notable changes:-    1. All the Goods which were classified under Schedule-C & Taxable @ 5.5% shall be taxed at the rate 6%.   2. All the Goods  which were taxable @ 12.5% (i.e Covered in Schedule E-1) shall be now taxed at the rate 13.5%.   3. The new rate of motor Spirit is change to 26% +Six rupees per liter (Schedule D Entry No.10) The Copy of Notification can be downloaded by following link  Link to Notification   Please feel free to get in touch for any clarification.    From Team APMH. (c) APMH & Associates LLP | D 613/614, Neelkanth Business Park, Opp. Railway stattion, | Vidhyavihar (West) | Mumbai 400086

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Regards,
CA Hemant Mehta, Bcom., FCA, DISA, MBF(ICAI).
For H. J. Mehta & Associates,
Chartered Accountant
Visit us at : www.cahjmehta.com

B-5, Panchsheel Bldg, Nathpai Nagar,Opp. Pune
Vidya Bhavan School,Ghatkopar (E), Mumbai-400077.
Contact No.- 25146854/55/56/57/58 Mob : + 91-9821261193

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