SIMPLE GUIDE TO MAHARASHTRA VAT & ALLIED LAWS

ALONGWITH NEW ALPHABETICAL COMMODITY RATE SCHEDULE.

Retention for Branch Transfer increased to 40% from 1-4-2012.

TDS on works contract increased to 5%.

Late Fee for late filling or return - Rs 5000.

Purchase Tax on Cotton and oilseeds in certain circumstances.

Tax Collected at source introduced on Auctioning of Excavation Right of Sand.