Mumbai, 28 MarchThe Maharashtra government, which had raised value-added tax (VAT) 1.1 per cent last year, for a year, is set to cut the tax to one per cent. The new VAT, effective April 1, 2014, is unlikely to have any significant impact on commodity prices.

The Maharashtra government, which had raised value-added tax (VAT) 1.1 per cent last year, for a year, is set to cut the tax to one per cent. The new VAT, effective April 1, 2014, is unlikely to have any significant impact on commodity prices.

Maharashtra to cut VAT

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