Changes in rate of tax and Amendment to VAT

Changes in rate of tax. Amendment to the Schedules under the Maharashtra Value Added Tax Act, 2002.
Ref: 1) Notification issued by the Finance Department No. VAT/1509/CR- 156/Taxation-I dt. 10th March, 2010.
2)Notification issued by the Finance Department No VAT. 1509/CR-156/Taxation-1 dt. 30st March, 2010.
While presenting the budget for the year 2010-11, Hon. Finance Minister announced that

GST: A tax perspective

GST as you are aware is just value added tax (VAT). Sales tax and VAT for interstate transactions today were origin based that means when the tax is going it is the original state. The seller state tax rates which were getting incorporated, seller was collecting the tax for the interstate transaction part whereas in

Government not able to push tax-bill

Mumbai, Apr 19 : The Maharashtra government faced an embarrassing situation when it could not push through the Value added tax (VAT) bill after the opposition in the Legislative Assembly managed to force a discussion on the bill tomorrow

Maharashtra Assembly passes bill to hike VAT rate

Mumbai, Apr 12 (PTI) Maharashtra Assembly today passed the VAT (Amendment) Bill, which seeks to raise the rate of value-added tax in the state to five per cent, amid Opposition walkout

Nonbinding Senate vote condemns value-added tax

It’s official: The Senate doesn’t like the idea of a value-added tax, which would be similar to a national sales tax