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A brief on VAT (Value Added Tax) What is VAT? VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale.

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GST rates for Cement, mica, asbestos and stone. Narrowed GST levied rate on sale or purchase of Fly ash blocks. GST percentage on sale or purchase of Curb stones and flagstones, of natural stone, Setts. GST slab rate on Monumental or building stone business. GST amount of rate on sale or purchase of Slate and articles of slate or of ...

30. COMMODITY WISE RATE OF TAX UNDER VAT ACT …

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Maharashtra Budget 2011- Changes in MVAT, Stamp Duty ...

Mar 28, 2011· Considering a satisfactory rise in the sales tax revenue by 26% over earlier year, it is proposed to retain VAT rate on goods covered under schedule E @ 12.5%. The budget proposes certain amendments under the Maharashtra Value Added Tax Act, 2002 (MVAT Act) in respect of the following, which will be notified in due course.

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