Main Thrust Areas: • Government resolve to take agriculture growth rate to 6%. Agriculture : • Jalyukta Shivar Abhiyan- Rs. 1000 crore, cement Nala Bunds- Rs.500 crore and Repairs of ex-Malgujari tanks in Vidarbha- Rs.100 crore. • Outlay for irrigation sector- Rs. 7272 crore • Strict … Read more
Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. Women drawing salary upto to Rs.10000 per month exempted from Profession Tax . Tax rate on ladies Hand Bags and Purses reduced from 12.5 per … Read more
The Deputy Chief Minister and Finance Minister of Maharashtra state, Ajit Pawar has presented additional budget as on 5th June 2014. Following are the highlights of the additional budget on tax front. Highlights on tax proposal MVAT Turnover limit for registration under MVAT is increased to 10 lakh from 5 lakh. The dealers whose turnover is less than 10 lakh in … Read more
The Maharashtra government has started Maharashtra Industry, Trade & Investment facilitation cell (MAITRI). The Investor facilitation service enable domestic as well as cross border investors to submit regulatory documents at one web portal. This will improve faster clearance time and also improve the transparency. On http://ifc.mahaebiz.com investor can apply online for different services of pre-commission … Read more
(Kindly refer the following link for highlights of Maharashtra State additional budget 2014-15. https://taxclick.org/type/mvat-cst/maharashtra-state-additional-budget-2014-2015—highlights-of-tax-proposals) The deputy chief minister (Finance), Ajit Pawar presented the Maharashtra State Interim budget speech, today, on 25Th February 2014. There is neither new tax proposal nor revision in existing tax laws. However, commodities of daily use such as food grains, pulses, … Read more