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 Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
