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May 2013

Appeal filing Forms ST-5, ST-6 & ST-7 amended Notification No. 5/2013 – ST dated 10th April, 2013

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
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By this Notification, Service Tax Rules, 1944 have been amended which may be called Service Tax (Second Amendment) Rules, 2013 effective from 1st June, 2013. Under the amended Rules Form ST-5, ST-6 & ST-7 for filing appeal to Appellate Tribunal have been amended.

MVAT UPDATE

Mvat Notifications
Notification No. VAT-1513/CR-46(1)/Taxation-1 dated 30-03-2013

Vide this notification various amendments have been effected in Schedules A, B, C and D with effect from 01-04-2013.

Notification No VAT.1513/CR 46(7)/Taxation -1 dated 04-04-2013

By this notification, MVAT rate has been increased from 1% to 1.1% for sale of diamonds, articles made of precious metals and precious metal for the financial year 2013-2014. For pearls, precious stones and semiprecious stones, the MVAT rate continues to remain at 1%.

LA BILL XI OF 2013

Introduction of Maharashtra Tax Laws [Levy and Amendment] Bill, 2013, thereby providing amendments to the Maharashtra Stamp Act, the Maharashtra Value Added Tax Act, 2002 and the Maharashtra Tax on Lotteries Act, 2006.

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