Has notification done for increase in 1% Additional tax on Iron & Steel in Gujarat
Bahadur A Punjani (TAXATION) (24 Points)
16 April 2011Has notification done for increase in 1% Additional tax on Iron & Steel in Gujarat
sunil
(partner)
(55 Points)
Replied 16 April 2011
hello,
not sure - but to our knowledge the state governments are not allowed to change the vat rates of iron & steel along with some other items mentioned in the list. i do not have the specific details, but it seems that the central government forced chattisgarh government to roll back the increase in vat rate last year on iron & steel.
this is to my knowl;edge, still need others' input.
thanks.