Announces Amnesty Scheme 2022 for GST in annual budget 2022-23
The scheme Maharashtra Settlement of Arrears of Tax, interest, penalty, or late fee scheme 2022, is to be applicable from April 1 to September 30, 2022.
Maharashtra Deputy Chief Minister Ajit Pawar, who holds the finance and planning departments, in the annual budget for 2022-23 has announced Amnesty Scheme 2022 for the GST department.
The scheme Maharashtra Settlement of Arrears of Tax, interest, penalty, or late fee scheme 2022, is to be applicable from April 1 to September 30, 2022.
There will be a complete waiver of the arrears in CSS where they are of Rs 10,000 or less per year. As a result, small dealers will be benefited in almost 1 lakh cases.
Dealers having arrears up to Rs 10 lakh or less will pay an online lump sum of 20% amount. As a result medium dealers will benefit in almost 2.20 lakh cases.
Maharashtra Professional tax: Govt issues Late fee waiver Notification
A late fee waiver Notification dated 25 Feb 2022 has been issued by the Government of Maharashtra. All Profession Tax returns pending up to December 2021 can be filled up to 31st March 2022 without late fee after payment of tax and interest
Maharashtra budget 2022-23: Govt reduces VAT on natural gas to 3% from 13.5%
Maharashtra government has reduced VAT on natural gas to 3% from 13.5% on CNG to increase the use of environment-friendly fuel in the state.
Stamp duty exemption is proposed on grift deeds without consideration to corporations and institutions under the jurisdiction of state government. This will give a boost to the construction business. The time period stipulated under the Maharashtra Stamp Act has been increased to 3 years from 1 year. Amnesty scheme is proposed from April 1 to November 30, 2022.
Stamp duty waiver on gold silver delivery order documents imported into the state is announced. Currently, the duty is 0.1% it will be waived.
The tax levied by Maharashtra Maritime Board on passengers and pets, vehicles, goods traveling by ferries, and Ro-Ro boats operating on newly launched waterways from January 1m 2022 under its jurisdiction is being waived for three years.