{"id":762,"date":"2015-03-18T00:00:00","date_gmt":"2015-03-17T18:30:00","guid":{"rendered":""},"modified":"2015-12-31T11:05:02","modified_gmt":"2015-12-31T05:35:02","slug":"highlights-of-tax-proposals-in-maharashtra-state-budget-2015-2016","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/miscellaneous\/highlights-of-tax-proposals-in-maharashtra-state-budget-2015-2016\/","title":{"rendered":"Highlights of Tax Proposals in Maharashtra State Budget 2015-2016"},"content":{"rendered":"<p><\/p>\n<ul>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Local Body Tax to be abolished from 1st August<br \/>\n2015. Compensation of Revenue by enhancing VAT tax rate.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Women drawing salary upto to Rs.10000 per month<br \/>\nexempted from Profession Tax .<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on ladies Hand Bags and Purses reduced<br \/>\nfrom 12.5 per cent to 5 per cent.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Work Book, Graph Book, Drawing Book and<br \/>\nLaboratory Book for student\u2019s tax free.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on LED Bulb reduced from 12.5 per cent<br \/>\nto 5 per cent.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on Guide wire used in medical treatment<br \/>\nreduced from 12.5 per cent to 5 per cent.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Some medicines for treatment of Cancer tax free.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Reduction of late fee for VAT Return from Rs.<br \/>\n2000 to Rs.1000.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax concession on essential commodities<br \/>\ncontinued for one more year.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;No VAT on Service Tax.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Rate of Excise Duty on Country liquor to be at<br \/>\n200 per cent of manufacturing cost or Rs. 120 per proof liter, whichever is higher.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Mobilisation of Revenue by enhanced premimum on<br \/>\nadditional FSI.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Entry Tax on import of Long Steel in State.<\/li>\n<li>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on Plain &amp; Pre-laminated Particle<br \/>\nBoard enhanced from 5 per cent to 12.5 per cent.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Women drawing salary upto to Rs.10000 per month exempted from Profession Tax . &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on ladies Hand Bags and Purses reduced from 12.5 per &#8230; <a title=\"Highlights of Tax Proposals in Maharashtra State Budget 2015-2016\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/miscellaneous\/highlights-of-tax-proposals-in-maharashtra-state-budget-2015-2016\/\" aria-label=\"More on Highlights of Tax Proposals in Maharashtra State Budget 2015-2016\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[11],"tags":[61],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Highlights of Tax Proposals in Maharashtra State Budget 2015-2016 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/miscellaneous\/highlights-of-tax-proposals-in-maharashtra-state-budget-2015-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Highlights of Tax Proposals in Maharashtra State Budget 2015-2016 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Local Body Tax to be abolished from 1st August 2015. Compensation of Revenue by enhancing VAT tax rate. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Women drawing salary upto to Rs.10000 per month exempted from Profession Tax . &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Tax rate on ladies Hand Bags and Purses reduced from 12.5 per ... 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