Dayal R Kundani

Notification: No. 80-FIN-CT1-TAX-0020-2015 Dtd 1st Jan, 2016

Goods taxable at the rate of 13.5% shall now be taxable at the rate 14.5 % for list of goods subject to Value Added Tax on Turnover of Sales or Purchases (General rate – Schedule B Part III)

Relevant Text of the Notification is as follows

***NOTIFICATION No. 80-FIN-CT1-TAX-0020-2015 Dated 1st January, 2016

In exercise of the powers conferred by sub-section(l) of section 102A of the Odisha Value Added Tax Act, 2004 (Odisha Act 4 of 2005), the State Government, do hereby alter the entries to Schedule ‘B’ and Schedule ‘C in the following manner, and direct that the same shall come into force on the 1st day of January, 2016, namely:-

1. In Schedule B, in Part III, for the figure and symbol “13.5%” appearing after the words “GOODS TAXABLE AT THE RATE OF” the figure and symbol “14.5%”

By Order of the Governor

Under Secretary to Government

*** Notification has been trimmed to represent changes only related to Schedule B   Part III***

(Compiled by Dayal R Kundani)

Read more about GST on renting immovable property

More Under Goods and Services Tax

One Comment

Leave a Comment

Your email address will not be published. Required fields are marked *