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Manipur government notified hike VAT rate

December, 18th 2010
The Value Added Tax (VAT) rate of Manipur government has been increased by one percent. Government issued a notification regarding the increased on Friday. The notification was issued by the Manipur Finance Department a day after a cabinet meeting of the SPF government under the chair of the Chief Minister, O Ibobi approved to the proposal of the finance department. The government notification amended the schedule I of the Manipur Value Added Tax Act, 2004 and increased the VAT rate from 4 percent to 5 percent and 12.5 percent to 13.5 percent on the categories of items as prescribed in the Schedule I .