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Custom Duty: Duties of customs including export duties 84 Excise Duty : Duties of excise on the following goods manufactured or produced in India namely (a) Petroleum crude (b) high speed diesel (c) motor spirit (commonly known as petrol) (d) natural gas (e) aviation turbine fuel and (f) Tobacco and tobacco products
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.
e-Stamping is a computer-based application and a secured way of paying non-judicial stamp duty to the government. e-Stamping is currently operational in the states of Odisha, Haryana, Gujarat, Karnataka, NCR Delhi, Bihar, Assam, Tamil Nadu, Rajasthan, Himachal Pradesh, Andhra Pradesh, Uttarakhand, and the union territories of Dadra & Nagar Haveli, Daman & Diu Puducherry, Jharkhand and Uttar ...
Indian Stamp Act, 1899: This act regulates the payment of stamp duty on various financial instruments, such as promissory notes, bills of exchange, and share certificates. Negotiable Instruments Act, 1881: This act governs the use of negotiable instruments, such as cheques, bills of exchange, and promissory notes, in financial transactions.
Custom duty is an indirect tax levied on import or export of goods in and out of country. [12] When goods are imported from outside, the tax known as import custom duty. when goods are exported outside India, the tax is known as export custom duty. The tax collected by Central Board of Indirect Taxes and Customs. In February 2020, as part of ...
The Ministry of State Excise 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 Minister. Shambhuraj Desai Minister for State Excise.
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 Radhakrishna Vikhe Patil Current Minister of Revenue.
The Budget in 2017 abolished stamp duty for first-time home buyers in England and Wales purchasing homes up to £300,000, saving first-time buyers up to £5,000. Additionally, first-time buyers spending up to £500,000 will only pay stamp duty at 5% on the amount in excess of £300,000. Those spending over £500,000 will pay full stamp duty. [17]