CHANGES IN RATE OF V.A.T. IN RAJASTHAN W.E.F. 02-02-2016 : 5% to 5.50%

Posted By on February 2, 2016

The government of Rajasthan has increased the Rate of VAT from 5% to 5.50% w.e.f. 02-02-2016 vide amendment in the Notification No. F. 12 (42)FD/Tax/2010-123 dated 01-02-2016.

It is a pre-budget increase by the Government of Rajasthan and has been done as a move for smooth transition from VAT to GST Regime. The Central Government is keen to implement GST as soon as possible to augment growth in the Economy and it is expected that the same may be implemented during the mid-year 2016-17.

The copy of the amendment notification is enclosed for ready reference:-

VAT RATE RAJASTHAN

Leave a Reply

Your email address will not be published. Required fields are marked *

DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.