The Maharashtra Government has issued notification No VAT-1510/CR 47/Taxation-1.- dated 10th March, 2010; increase in rates of MVAT from 4% to 5% on sales of all goods which are now taxable at 4%. However rates of taxes of goods declared u/s. 14 of CST Act, 1956 i.e. declared goods, will continue to be taxed at 4% and there is no change in rate of taxes of these goods.
The increase in rate shall come in force from 1st April, 2010.
Notification Increase in Rate of MVAT from 4% to 5%
The list of declared goods are as under:
Earlier Maharashtra Government had issued Maharashtra Value Added Tax (Amendment) Ordinance, 2010 dated 18th February, 2010 empowering state government to issue notification to increase tax rates as specified in Schedule to MVAT Act.
