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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 passive income and tax advantages are tempting, but like all non-marketable securities, DPPs can’t be easily sold or readily liquidated to cash. Once you buy in, you’ll likely be stuck ...
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.
The club sought $26.4 million in the latest round of an Ohio tax credit program but was denied. Other Cincinnati projects, a new convention center and the remaking of Carew Tower, did get approved.
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.