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Maharashtra Govt hikes VAT on garments
19
Mar '10
The Maharashtra government has increased the Value Added Tax (VAT) by one per cent on a wide range of goods.

The increase in VAT has been made applicable on 105 goods, ranging from garments to utensils, from the existing level of 4 percent to 5 percent.

The one percent hike will garner estimated revenue of Rs 6 -7 billion for the state's coffers.

The one percent hike, which will come into effect from April 1, includes items like, readymade garments, chemicals, industrial inputs, packing materials, etc.

Fibre2fashion News Desk - India

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