Changes in MVAT rates w.e.f 1-5-2011

 

By an amendment in previous year, by Maharasthra Government the rate of taxes of all commodities except Declared Goods was increased from 4% to 5%.

Now Central Government has by amendment in CST Act, increased the maximum rate of sales-tax on Declared Goods from 4% to 5%.

Maharashtra Government has amendment MVAT Act, MVAT rates on all Declared Goods have also increased from 4% to 5%.

Hence the tax on declared goods will be as per chart given below. The other rate changes are also given in the chart.

 

Sr. No.	Commodities	Entry No	Old Rate	New Rate	Effecative Date
1.	Copyrights for distribution and exhibition of cinematographic films in theaters and cinema halls	A -27	5%	0%	1st May, 2011
2.	Sugar and Fabrics	A-45	Nil	Nil	08/04/2011 (the date on which, Central Finance Act of 2011-12 come into effect.
3.	Ral (Ral Included along with Dhoop & Lobhan)	A-55	12.50%	Nil	1st May, 2011
4.	Pre fabricated domestic biogas units	A-56A	12.50%	Nil	1st May, 2011
5.	Cotton yarn but not including cotton yarn waste;	C-4	4%	5%	1st May, 2011
6.	Aviation Turbine Fuel	C-8	4%	5%	1st May, 2011
7.	Coal	C-22	4%	5%	1st May, 2011
8.	Cotton	C-25	4%	5%	1st May, 2011
9.	Crude Oil	C-27	4%	5%	1st May, 2011
10.	Live telecasting rights of events performed in Maharashtra	C-39	Nil	5%	1st May, 2011
11.	Hides & Skins	C-45	4%	5%	1st May, 2011
12.	Iron & Steel	C-55	4%	5%	1st May, 2011
13.	Jute	C-57	4%	5%	1st May, 2011
14.	Oil Seeds	C-68	4%	5%	1st May, 2011
15.	Vada Pav	C-94(c)	Nil	5%	1st May, 2011
16.	Notified Fabrics and Sugar	C-101(a)	4%	5%	1st May, 2011
17.	sunglasses or goggles	E -1	5%	12.50%	1st May, 2011
18.	Dry fruits excluding cashew kernels and cashew nuts	C-108A	Nil	5%	1st May, 2011
19.	Foreign Liquors	D-1	25%	50%	1st May, 2011
20.	Country Liquors	D-2	25%	50%	1st May, 2011
21.	Imported Liquors	D-3	25%	50%	1st May, 2011
22.	Aerated and Carbonated non-alcoholic beverages	D-13	12.50%	20%	1st May, 2011

Commodities Mentioned in RED are Declared Goods