The Maharashtra Government has issued Notification No. VAT-1510/CR 47/Taxation-1 dated 10 March, 2010 enhancing the basic rate of tax as mentioned below. The enhanced tax rate is effective from 1 April, 2010.
|Particulars||Rate up to31 March, 2010||Rate with effect from 1 April, 2010|
|Goods falling under Schedule C and liable to tax at 4%, other than the declared goods, as defined under Section 14 of the Central Sales Tax Act, 1956||4%||5%|
The flexibility of notifying varieties of tobacco which would be charged at concessional rate under Schedule C no longer subsists.
Further, the State Government has issued a corrigendum to the above notification and a circular to clarify that fabrics and sugar, as described in the First Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957, which were not chargeable to tax prior to the issuance of the subject notification, will continue to remain tax free.