Vat rate are change
This query is : Resolved
12 April 2016
Dear Sir / Madam,
Please suggest the VAT rate change 5% VAT to New rate is 5.5% is change.
Thanks
Regards
Please suggest the VAT rate change 5% VAT to New rate is 5.5% is change.
Thanks
Regards
12 April 2016
Dhiraj
Please specify the state for which your query exist.
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Please specify the state for which your query exist.
For DVAT Registration-Filing-Consultancy
Feel free to reach us at www.emunshe.com
Ankit Gupta
Founder Member
(Call/Whatsapp) - 9811985576
(Email) - ankit@emunshe.com
03 August 2025
Yes, the Maharashtra VAT rate was increased from 5% to 5.5%, effective from 1st April 2016. This change was implemented through Notification No. VAT. 1516/C.R. 31/Taxation-1, issued by the Maharashtra Finance Department on 30th March 2016.
CAclubindia
+5
TaxGuru
+5
Stvat
+5
The notification amended Schedule A and Schedule C of the Maharashtra Value Added Tax Act, 2002, to reflect this rate adjustment. The revised rate applied to various goods, including certain iron and steel products, which were previously taxed at 5%.
TaxGuru
+1
CAclubindia
+1
This increase was part of the 2016-17 state budget proposals and was aimed at compensating for potential revenue losses due to the impending implementation of the Goods and Services Tax (GST).
CAclubindia
+5
TaxGuru
+5
Stvat
+5
The notification amended Schedule A and Schedule C of the Maharashtra Value Added Tax Act, 2002, to reflect this rate adjustment. The revised rate applied to various goods, including certain iron and steel products, which were previously taxed at 5%.
TaxGuru
+1
CAclubindia
+1
This increase was part of the 2016-17 state budget proposals and was aimed at compensating for potential revenue losses due to the impending implementation of the Goods and Services Tax (GST).
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