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  • Notification Mvat 2008 024 55

    Transféré par

    Neha Shah
    10 vues1 page
    This document amends an earlier notification regarding tax rates under the Maharashtra Value Added Tax Act of 2002. Specifically, it inserts a new clause that sets the composition amount tax rate at 6% for retailers whose at least 3/4 of turnover from sales of goods is from drugs listed in specific entries of Schedule C appended to the Act. The amendment was ordered by the Governor of Maharashtra to exercise powers conferred by the Act.

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    This document amends an earlier notification regarding tax rates under the Maharashtra Value Added Tax Act of 2002. Specifically, it inserts a new clause that sets the composition amount tax rate at 6% for retailers whose at least 3/4 of turnover from sales of goods is from drugs listed in specific entries of Schedule C appended to the Act. The amendment was ordered by the Governor of Maharashtra to exercise powers conferred by the Act.

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    © All Rights Reserved
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    Signaler comme contenu inapproprié
    10 vues1 page

    Notification Mvat 2008 024 55

    Transféré par

    Neha Shah
    This document amends an earlier notification regarding tax rates under the Maharashtra Value Added Tax Act of 2002. Specifically, it inserts a new clause that sets the composition amount tax rate at 6% for retailers whose at least 3/4 of turnover from sales of goods is from drugs listed in specific entries of Schedule C appended to the Act. The amendment was ordered by the Governor of Maharashtra to exercise powers conferred by the Act.

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    © All Rights Reserved
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    sur 1

    FINANCE DEPARTMENT

    Mantralaya, Mumbai 400 032, dated the 27th November 2008





    MAHARASHTRA VALUE ADDED TAX ACT, 2002.

    No. VAT.1507/CR-55/Taxation-1.- In exercise of the powers conferred by sub-
    section (1) of section 42 of the Maharashtra Value Added Tax Act, 2002 [Mah IX of
    2005], the Government of Maharashtra hereby amends the Government Notification,
    Finance Department, No. VAT-1505/CR-105/Taxation-1, dated the 1
    st
    June 2005, as
    follows, namely:-
    In the SCHEDULE appended to the said notification, in entry 3, in column (4),
    under the heading Composition Amount, after clause (1), the following clause shall be
    inserted namely: - -
    "(1A) at the rate of 6 per cent for the retailers whose at least th of the
    turnover of sales of goods is of drugs covered by the entries 29 and 29A of
    SCHEDULE C appended to the Act.

    By order and in the name of the Governor of Maharashtra.


    CHITRA KULKARNI
    Officer on Special Duty to Government

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