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April 2010

Increase in rate of tax Schedule-C — Clarification — Trade Circular No. 11T of 2010, dated 17-3-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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New Page 1

MVAT Circulars


For CST in Form-IIIE challan
portion is now deleted and a separate challan MTR-6 is now provided for
E-payments as well as manual payments under the CST Act.

8 Increase
in rate of tax Schedule-C — Clarification — Trade Circular No. 11T of 2010,
dated 17-3-2010.

It is clarified that fabrics
and sugars which were tax-free prior to issue of the Notification No.
VAT-1510/CR 47/Taxation-1, dated 10-3-2010 continue to remain as tax-free.

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