1st April 2013

Government proposes 15% concession on investments of INR 100 crore or more on Manufacturing

The Government proposes to provide 15% concession on investment of more than Rs. 100 crore on project and automation in manufacturing sector of the country from 1st April, 2013 to 31st March, 2015. In order to encourage substantial investment in plant or machinery, the Finance Bill, 2013 proposes to insert a new section 32AC in… Read More

Tags: 1st April 2013CompanyGovernment of IndiaIncome taxIndiaInvestmentTaxTax deduction

MVAT Amendment in VAT Rate on Precious Stone (Diamond) Wef 01.04.2013

FINANCE DEPARTMENT Mantralaya, Madam Cama Marg, Hutatma Rajguru Chowk, Mumbai 400 032, dated the 4th April 2013. NOTIFICATION MAHARASHTRA VALUE ADDED TAXACT, 2002. No. VAT. 1513/CR 46(7)/Taxation-1.”Inexercise of the powers conferred by sub-section (1) of section 9 of theMaharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government ofMaharashtra hereby amends,SCHEDULE ˜B™ appended to the said Act, as follows, namely: In… Read More

Tags: 1st April 2013GemstoneList of Governors of MaharashtraMaharashtraMantralayaMumbaiShivaram RajguruValue Added Tax

MVAT notifies amendments in Schedules A, B, C and D w.e.f. 1st April 2013

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, Dated the 30th March 2013. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT 1513/CR 46(l)/Taxation- l.” In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of… Read More

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