Maharashtra Budget Part II Highlights

HIGHLIGHTS OF THE BUDGET
PRESENTED BY DEPUTY CHIEF MINISTER AND
FINANCE MINISTER,
SHRI AJIT PAWAR
ON 26TH MARCH, 2012
PART II
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Growth in Sales Tax collection is 20 per cent and exceeds target by
4000 crore.
Electronic survillance of transactions to go up.
Online verification of Input Tax Credit facility will be made avail
able to dealers shortly.
Exemption to foodgrains, pulses and their flour, Solapuri Chadars
and towels and wet dates to continue upto 31st March, 2013.
Concessional rate of VAT on tea to continue upto 31st March, 2013.
VAT on Cotton Yarn reduced from 5 per cent to 2 per cent.
Tax exemption to Textiles other than furnishing cloth to continue.
Reduction in rate of tax from 12.5 per cent to 5 per cent on
educational material.
‘ Purak Poshak Ahar ’ supplied to Anganwadis exempted from tax.
Tax reduced to 5 per cent on Adult diapers, Sanitary napkins,
Raincoats, Safety helmets, Articles made from Bamboo.
Exemption from Motor Vehicle Tax to Battery operated Vehicles.
Reduction in Motor Vehicle tax by 2 per cent on new cars and jeeps
with CNG kits.
Reduction in rate of tax from 12.5 per cent to 5 per cent on
equipment for poultry industry.
Amnesty scheme for outstanding Electricity Duty.
Rationalisation in stamp duty on Real Estate Transactions.
LPG for domestic use to be taxed at 5 per cent.
Motor vehicle tax to go up on petrol cars and jeeps by 2 per cent.
Motor Vehicle Tax to go up on diesel cars and jeeps by 4 percent.
Beedi to be taxed at 12.5 per cent.