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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.
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Raja Harishchandra, directed by Dadasaheb Phalke and released in 1913, was the first Marathi-language film ever made, and was also India's first full-length feature film. The claim is disputed and some claim that Dadasaheb Torne 's Shree Pundalik (1912) was the first film made in Maharashtra.
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]
Mumbai, the capital of Maharashtra and often described as the New York of India or Manhattan of India, [18] is the financial capital and the most populous city of India with an estimated city proper population of 12.5 million (1.25 crore). [19] The city is the entertainment, fashion, and commercial centre of India. Mumbai hosts the largest ...
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 system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.
Wockhardt Headquarters Essar Group Headquarters ICICI Bank at Bandra Kurla Complex. Mumbai is one of the top ten largest trading centres in the world in terms of global financial flows, generating ca. 6.16% of the Indian GDP and accounting for 25% of industrial production, 70% of Indian maritime trade and 70% of capital transactions to the Indian economy.