Menu
New mvat rates
1. What is the effective date of application of new MVAT rate of 5.5%.
2. Also is it tthat all products earlier charged with 5% MVAT will now be charged with 5.5% MVAT. Pls clarify . Thank you
Replies (3)
1. 1.4.2015.
2. Yes
1. 1.4.16 ( typo error earlier )
Hi,
1. The effective date of new MVAT rate of 5.5% shall be effective from 01 APRIL 2016.
2. All the goods which were taxable @ 5% are now taxable @ 5.5% except the Declared goods (i.e. goods which are of special importance and have been defined u/s 14 of CST Act 1956), which will continue to be taxable @ 5%.
Regards,
Ronak.
Recent Topics :
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
Related Topics :
CAclubindia
