VAT in Maharashtra Reduced

Sourabh Sharma (CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds)   (771 Points)

28 July 2009  

VAT in Maharashtra Reduced
Maharashtra government has given into the demand from various quarters including farmers and slashed the VAT back to 4% from the recent increase to 25% while the imported wines will attract the duty of 20% instead of 25%.The decision was taken at a special cabinet meeting convened Wednesday in Nashik. A decision was also taken to continue with the existing policy for another 10 years. It will now expire in 2021. The policy will continue with special excise benefits to the wineries in Maharashtra.

Source :
https://www.indianwi neacademy. com/item_ 1_318.aspx