MVAT - Changes in the rate of tax, extension to exempted commodities and changes in taxation of liquor under the Maharashtra Value Added Tax Act, 2002 - VAT

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TRADE CIRCULAR

Sub: Changes in the rate of tax, extension to exempted commodities as changes in taxation of liquor under the Maharashtra Value Added Tax Act, 2002.

Ref: 1) Notification No. VAT 1517/ C.R.28/Taxa_tion-1 dated 29th March 2017, issued IV s 9(1) of the .MVAT Act, 2002.

2) Notification No. VAT 1517/CR 28/Taxation-1 dated the 29th March. 2017, issued IV s 41(5) of the MVAT

3) Notification No. VAT 1516/CR 99/Taxation-1 dated the 6th Sep. 2016, issued u./ s. 41(5) of the MVAT

No. VAT/AMD-2017/1C/3/Adm-8

Trade Cir. 10 T of 2017

Mumbai Dt: 06/04/2017

To give effect to. the Budget proposals for the year 2017-18, Schedules 'A' "C" and "D" of the 1VIVAT Act, 2002 have been amended by notification, dated 29 March 2017 issued u/s 9(1) of the said Act. [Reference .1]. The notification u/ s 41(5) of the MVAT Act, 2002 [Aro. VAT i51.7/ CR 57/Taxation-I dated 30,h _April 2011[ Itaxation of liquor] has been amended by the notification referred at serial 2.
The revision in the tax rates and amendments to the notifications are explained as follows:
A. Amendments to Schedule 'A':

1. Tax free commodities with sun-set. clause:

Commodities, specified in Schedule entry A-9A, A-51 and A-5.9 were tax-free upto 31st March 2017. 1.

Please refer to the attached file for details