Reduction under Rule 53
This query is : Resolved
06 July 2009
What is the rate of Reduction under rule 53 of the MVAT ... ? Is it 3% or 2% for the financial year 2008-09? Please qoute the relevant notification No. for refernce...
Ashok Madhavi
(Expert)
06 July 2009
It's 2% vide notification no VAT-1508/CR-69/Taxation-1 Dt. 23.10.08
CA Nitin Wadhwani
(Expert)
07 July 2009
That's applicable from w.e.f 01.06.2008
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