Rajasthan BARREL Rate Increased From 5% to 5.5%. Just Recently Raj Tax Issued New Notice for Increasing in VAT Rate, Rajasthan VAT Rate has actually been increased from 5% to 5.5% Date of Effective 02-02-2016 Check Complete information for This Notice from Below.
In exercise of the powers conferred by sub-section (5) of section 4 of the Rajasthan Worth Added Tax Act, 2003 (Act No, 4 of 2003), the State Government believing that it is practical in the public interest so to do, thus makes the following modifications in Set up IV added to the Act, with effect from 02022016, specifically
In Set up IV added to the stated Act,-
- for the existing expression PRODUCT Taxable at 5%, the expression PRODUCT TAXABLE AT 5.5% will be substituted;-LRB-
- in column number 3, for the existing expression 5, any place happening, the expression 5.5 shall be replaced;-LRB-
- in column number 3 of Part-A GOODS UNDER CATEGORY OF IT PRODUCTS, for the existing expression 5, anywhere occurring, the expression 5.5 will be replaced; and
- in column number 3 of Part-B ITEM UNDER CLASSIFICATION OF INDUSTRIAL INPUTS, for the existing expression 5, any place taking place, the expression 5.5 shall be substituted.
[No. F. 12(42)FD/Tax/2010-123]
By order of the Guv