The Government of Rajasthan Finance Department has given a notification to public regarding to increase Goods Taxable rate. According to Mr. Dr. Devraj, Joint Secretary to Government, in exercise of the powers conferred by the sub-section (5) of the section 4 of the Rajasthan Value Added Tax Act, 2003 (Act No. 4 of 2003), the government has given a suggestion in the public interest.
Here we include the following amendment in schedule 4 appended to the act, with effect from the date of February 2, 2016:
- For the existing expression “Goods Taxable at 5%”, the expression “Goods Taxable at 5.5%” shall be substituted.
- In column number 3, for the existing expression “5”, wherever occurring, the expression “5.5” shall be substituted.
- In column number 3 of Part-A ‘Goods Under Category of IT Products‘, for the existing expression “5”, wherever occurring, the expression “5.5” shall be substituted.
- In column number 3 of Part-B ‘Goods Under Category of INDUSTRIAL INPUTS‘, for the existing expression “5”, wherever occurring, the expression “5.5” shall be substituted.
