FINANCE DEPARTMENT
Madam Cama Road, Hutatma Rajguru Chowk,
Mantralaya, Mumbai 400 032, dated 5th November 2015
NOTIFICATION
MAHARASHTRA VALUE ADDED TAX ACT, 2002.
No. VAT. 1515/CR-81/Taxation-1.—Whereas the Government of
Maharashtra is satisfied that circumstances exist which render it necessary to
take immediate action further to amend the Maharashtra Value Added Tax Rules,
2005 and to dispense with the condition of previous publication thereof under
the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax
Act, 2002 (Mah. IX of 2005) ;
Now, therefore, in exercise of the powers conferred by
sub-sections (1) and (2) read with the proviso to sub-section (4) of section 83
of the said Act, and of all other powers enabling it in this behalf, the
Government of Maharashtra, hereby, makes the following rules further to amend
the Maharashtra Value Added Tax Rules, 2005, namely :-
1. (1) These rules may be called the Maharashtra Value Added
Tax (Second Amendment) Rules, 2005.
(2) These shall
come into force with effect from the 1st December, 2015.
2. In rule 88 of the Maharashtra Value Added Tax Rules,
2005, for the sub-rule (1) the following sub-rule shall be substituted, namely
:—
“(1) The rates of interest for the purposes of
sub-sections (1), (2) and (3) of section 30 shall be as specified in the table
below :—
TABLE
Sr. No. (1) |
Period, liable for (2) |
Rate of interest (3) |
1 |
Upto one month |
One and a quarter per cent of |
2 |
Upto three months |
One and a quarter per cent of |
3 |
More than three months |
One and a quarter per cent of |
By order and in the name of the Governor of Maharashtra,
R. D. BHAGAT,
Deputy Secretary to Government.