MVAT rate on petrol is increased from 1st June 2016

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400032, Dated the 31.05.2016. NOTIFICATION Maharashtra Value Added Tax Act, 2002_ No. VAT 1516/ CR 77/Taxa.tion-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra, hereby with … Read more

Towles is nil rate of MVAT from 1st April 2016

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 20th April 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1516/CR 61/Taxation-1.—In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra … Read more

Rates of Income Tax as per Finance Act, 2015

As per the Finance Act, 2015, income-tax is required to be pay for financial year 2015-16 (i.e. Assessment Year 2016-17) at the following rates:   Income Tax Slab Rates   A.          Normal Rates of tax:    Sl No Total Income Rate of tax 1 Where the total income does not exceed Rs. 2,50,000/-. Nil 2 Where the total income exceeds Rs. … Read more

Effective rate of service tax on restaurant having air condition facilities has increased to 5.6% from 1st June 2015

Circular No. 184/3/2015-ST  F. No. 334 / 5 /2015-TRU (Pt.) Ministry of Finance  (Tax Research Unit)   Dated the 3rd  June, 2015.  Chief Commissioner of Customs and Central Excise (All)  Director General of Central Excise Intelligence Director General of Audit,   Madam/Sir,  The Service Tax rate has been increased to 14% with effect from 1st … Read more

The present rate of Service tax i.e. 12.36% will remain continue till notification

Circular No. 183 / 02 / 2015-ST  F. No. B-1 /1/2015-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Room No. 153, North Block, New Delhi. Dated 10th April, 2015. To   Chief Commissioner of Customs and Central Excise(All) Chief Commissioner of Central Excise & Service Tax (All) Director General of Service … Read more

Income Tax rates for the Financial year 2015-16

RATES OF TAXES          FOR INDIVIDUALS/ HINDU UNDIVIDED FAMILY/ ASSOCIATION OF PERSONS/ BODY OF INDIVIDUALS: (In this case, individual means who is Resident in India and below the age of 60 years at any time during the financial year and all non-resident individuals regardless of age limit, also all resident as well … Read more

Rate of exchange of conversion of each of the foreign currency with effect from 05th December, 2014

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, PART-II, SECTION 3, SUB-SECTION (ii), EXTRAORDINARY]   GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS   Notification  No.113/2014-Customs (N.T.)   4th December, 2014 13 Agrahayana, 1936(SAKA)   S.O.       (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 … Read more