Increased the vat rates

Government of Maharashtra has vide Notification No. VAT. 1516/CR

123/Taxation-1 dated 16-09-2016 increased the vat rates from 12.5% to 13.5% 

and from 5.5% to 6% with immediate effect ie from 17-09-2016

Maharashtra Vat Rates increased

Maharashtra Vat Rates increased to 5.5% from 01-04-2016 from 5%.

Notification NoVAT1516/CR31/Taxation1dt.30/03/2016

Schedules under MVat Act For Tax Rate Purpose

In MVat Act there are 5 Schedules through which dealer are decided their 

products Tax Rates :-

1) Schedule A:-
2) Schedule B:-
3) Schedule C:-
4) Schedule D:-
5) Schedule E:-

1) Schedule A :- 

                 In this Schedule goods are essential items which are Tax-Free. Eg. Bread,Milk,Cereals,Pulses etc.

2) Schedule B:-                                                                                                                            In this Schedule goods are bullion's and   specie, jewelry,diamonds,Imitation jewelry etc. It Tax Rate liable to @1 % & 1.10 %

3) Schedule C:-

                 In this Schedule goods are raw material,packing materials and I.T products liable to 5% Tax rate.

4) Schedule D:-

                  In this Schedule goods are liquors and motor spirits which are liable to Tax Rates 20 % & 50 %

5) Schedule E:-

                       In this Schedule all goods are covered which are not included in earlier Four Schedules.It liable to Tax Rate 12.5%

 

Registration criteria's under Mvat Act

In Maharashtra Registration under Mvat Act is a simple procedure.

The dealer can registered under Mvat Act very easily.

There are two criteria s are available for Registration :-

1) Registration under Turnover basis.

2) Voluntary Registration.

The explanation of the above two are as under:-

1) Registration under Turnover basis :- 


of taxable goods is Rs.10,000/-(Ten Thousand)

Registration fees under turnover basis is Rs.500/- only.

This is compulsory on dealer while exceeding the turnover limit of sales under 

Sec.3(4) of MVAT Act. From 26-06-2014 dealer can apply for Registration on 

his turnover of sales is Rs.10,00,000/-(Ten Lakh) and the turnover of sales or 

purchases of taxable goods is Rs.10,000/-(Ten Thousand) & 

For Importer Rs.1,00,000/-(One Lakh) and  the turnover of sales or purchases 

2) Voluntary Registration:-

Rs.5,000/-(Five Thusand) Fees which is non-refundable and

Rs.25,000/-(Twinty Five Thousand) deposit which is  adjustable against tax 

liabilities.

State wise and Zone wise Vat Sites in India

STATEWISE SALES TAX - SOUTH ZONE

23) Andhra Pradesh Vat :-https://www.apct.gov.in 24) Goa:- www.goacomtax.gov.in 25) Karnataka Vat Site:- http://ctax.kar.nic.in 26) Kerala Vat Act:- http://keralataxes.gov.in 27) Maharashtra State Vat :-http://mahavat.gov.in 28) Tamilnadu Vat Act:- http://tnvat.gov.in

Maharashtra Value Added Tax Act,2002:-

The Maharashtra Value Added Tax Act,2002 is bought in to effect 

from 01-04-2005.

The following Acts are merged in to The Maharashtra Value Added Tax 

Act,2002 

1) BST ACT 1959.

2) WORKS CONTRACT ACT 1989.

3) LEASE ACT 1985

4) BOMBAY MOTOR SPRIT TAXATION ACT 

The Maharashtra Value Added Tax Act,2002 is made after the merging of the 

above Acts so that it is helpful to all,because at the time of making of 

The Maharashtra Value Added Tax Act,2002 the simplicity is considered and it 

was tried to avoid the all the tedious working provisions and cut short in Tax

Rates in the above Acts.  

VAT ACT :-Value Added Tax Act

VAT ACT :-Value Added Tax Act :-

The Value Added Tax is implemented for levy of  Sales Tax in all over India.

In India each State has it's own Vat Act.

The dealers are binding to follow the Vat Act of his Registered State.

It means if a dealer is registered under the State of Maharashtra he is binding 

to follow the Rules,Laws of Maharashtra Vat Act.