Archive for February 10th, 2010

Increase in Value Added Tax

Wednesday, February 10th, 2010

Recently, the state government has increased the Value Added Tax (VAT) rate from 12.5 per cent to 14.5 percent quoting recession as a main reason. According to the state government’s order (G.O.35), goods taxable under Schedule-V of the VAT Act at 12.5 per cent would now be taxed more. This hike would increase the... »

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