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The total tax in Maharashtra is 45% as entertainment tax, 5% VAT on non theatrical and in addition there is a stamp duty on the agreements entered in Maharashtra. The VAT on theatrical was waived from May 2011 but there is still a past issue from 2005 to 2011 which the government is yet to exempt.
Since the turn of the millennium, there have been films based on social subjects and biographical dramas. Although the industry is much smaller than Bollywood (which is also based in Mumbai), Marathi cinema is tax free at the privilege of the government of Maharashtra, and is experiencing growth in recent years.
Recently some cinemas, (often interchangeably called "theatres") have been forced to shut shop due to the high entertainment tax (which stands at 55%), that results in huge losses. Since 2000, 50 cinemas have shut down in the city. Mumbai is known for its entertainment industry so
Central Sales Tax, 1956, which imposes sales tax on goods sold in inter-state trade or commerce in Indisale of property situated within the state [18] In the 2016 Union budget of India, an excise of duty of 1% without input tax credit and 12.5% with input tax credit was imposed on articles of jewellery with the exception of silver jewellery. [19]
The Ministry of Revenue is a ministry of the Government of Maharashtra. It is responsible for preparing annual plans for the development of Maharashtra state. [1] [2] The ministry is headed by a Cabinet level by Chandrashekhar Bawankule, current minister of revenue.
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The legislation would offer production companies tax credits equal to 20% of qualified expenses, capped at $8 million per year. Seeking Hollywood investment, Missouri legislature passes film ...
The Ministry of Cultural Affairs is a ministry in the Government of Maharashtra. Ministry is responsible for promoting regional culture. Ministry is responsible for promoting regional culture. The Ministry is headed by a cabinet level minister.