Schedule ‘C’ to Goa Value Added Tax Act stands amended

The Government of Goa issued a notification dated June 14, 2019, amending Schedule ‘C’ to Goa Value Added Tax Act, 2005.

Schedule C prescribes rate of goods on which Value Added Tax has to be levied on the turnover of sales of those goods. The notification amends entries (3) and (4) of the Schedule ‘C’ to provide new rate of tax.

Entry (3) provides for the rate of motor spirit including ethanol blended petrol; the notification changes the rate to 20% in case the motor spirit is sold by private and public sector oil marketing companies within the State and in other circumstances, also, 20%.

Entry (4) provides rate of tax for High Speed Diesel Oil (HSD); the notification amends the rate of High Speed Diesel Oil (HSD) to 18%. Both the entries are substituted with new rates of tax and the notification is operative from June 15, 2019

To read the full notification click here