MVAT rate changed to 5.5 percent

FINANCE DEPARTMENT
Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya,
Mumbai-400032, dated the 30th March 2016.
NOTIFICATION

MAHARASHTRA VALUE ADDED TAX ACT, 2002.

No. VAT. 1516/C.R. 31/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby, with effect from the 1st April 2016, amends SCHEDULES ‘A’and ‘C’ appended to the said Act, as follows, namely :—

In the Maharashtra Value Added Tax Act, 2002,—

(I) In SCHEDULE A,—

(1) in entry 9A, in column (2), for the figures, letters and word, “31st March 2016” the figures, letters and word “ 31st March 2017 ” shall be substituted ;

(2) for entry 12A, the following entry shall be substituted, namely :—

‘‘12A (1) Drugs for treatment of Cancer, as may be notified Nil %’’; from time to time, by the State Government, in the OfficialGazette.

(2) Mammography machines, used for the diagnosis of Breast Cancer. Nil %’’;

(3) after entry 13, the following entry shall be inserted, namely :—

‘‘13A Hybrid electric buses and battery operated buses, sold Nil %’’; to public transport undertakings in the State, for public transportation.

(4) after entry 27A, the following entry shall be inserted, namely :—

‘‘27B Handicraftsmade of bamboo, excluding bamboo Nil %”; furniture.

(5) in entry 51, in column (2),—

(a) in sub-entry (vii), after the word “Towels” the words, figures and brackets “ covered under tariff item No. 63049260 of the Central Excise Tariff Act, 1985 (5 of 1986) ” shall be added;

(b) the figures, letters and word “31st March 2016” the figures, letters and word, “31st March 2017” shall be substituted;

(6) in entry 59, in column (2), for the figures, letters and word, “31st March 2016” the figures, letters and word “31st March 2017” shall be substituted;

(7) after entry 59, the following entry shall be inserted, namely :—

‘‘59A Retrofit kits, used to modify the vehicles of the Nil %”. handicapped persons sold by the dealers, authorized by the testing agencies prescribed in the Central Motor Vehicle Rules, 1989.

Please refer to the attached file for more details