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The Ministry of Transport is a Ministry of the Government of Maharashtra and also Maharashtra State Road Transport Corporation state. The Ministry is headed by a cabinet level Minister. Pratap Sarnaik is Current Minister of Transport Government of Maharashtra .
The Maharashtra State Road Transport Corporation abbreviated as (MSRTC, or simply ST), [7] is the state run bus service of Maharashtra, India which serves routes to towns and cities within Maharashtra as well as to its adjoining states. It also offers a facility for online booking of tickets for all buses. [8]
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
A 10-year tax exemption under Section 80 IA has been granted to the highway building projects to attract private investors. The ministry has also framed a ‘Special Accelerated Road Development Programme in North Eastern Region' for improving road connectivity to remote places in this region. The estimated cost of the proposal is US$2.53 billion.
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
The annual motor vehicle tax was replaced by the road traffic insurance tax which came into effect on 1 January 2018 and is paid through the yearly compulsory liability insurance for motor vehicles. [30] [31] While commonly referred to as a "veiavgift" ("road tax"), no road tax has ever existed in Norway.
Maharashtra state has a good road network. There are 10088 national highways and many state highways with total length of 33,705 km. Major state highways are MH MSH 1, MH MSH 3, MH MSH 6, MH MSH 9, MH MSH 10,MH MSH 11.
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.