Maharashtra budget for 2009-10 Highlights
| State’s first deficit budget in the three financial years |
| Estimated budgetary deficit to be Rs 113.66 crore |
| VAT on mobile phones, cordless phones, video phones, video and digital cameras has been increased from 4 per cent to 12.5 per cent |
| High-end cars to attract more motor vehicle tax (MVT). Vehicles up to Rs 20 lakh to 8 per cent and above Rs 20 lakh to 9 per cent |
| Stamp duty on contract for advertisement, rights of telecasting films and copy rights to be increased from Rs 2.50 to Rs 5 per Rs 100. |
| Ceiling of Rs 25 crore on the stamp duty levied on M&As of companies is removed |
| Increase in both sales tax and excise duty on liquor |
| The sales tax on tobacco products increased from 12 per cent to 20 per cent |
| VAT on selected items used in space and satellite industry reduced from 12.5 per cent to 4 per cent |
| Solar energy equipment exempted from VAT and CFLs to attract VAT at 4 per cent |
| Hotels and restaurants up to 3 star ratings will now attract VAT at the rate of 5 per cent instead of earlier 8 per cent |
| VAT on medical equipment like scalp veins, stethoscopes and dialysis instruments from 12.5 per cent to 4 per cent |
| The imitation jewellery will also now attract the VAT at the rate of just 1 per cent instead of earlier 4 per cent |
| Special provision of Rs 11,915 crore for infrastructure projects like roads, bridges, railway, airports, ports and irrigation projects to celebrate golden jubilee year of state’s formation |
Additional Budget Speech
Additional Budget Highlights
Additional Budget in Brief
Medium Term Fiscal Policy and Fiscal Policy Strategy
Additinoal Buget Speech in Marathi
Additional Budget in Brief Marathi
Additional Budget Highlights in Marathi
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Reduction of Vat from 12.5% to 4% is applicable to all types of CFL or any particular CFL only (integreted and non-integreted
Today on 30th June 2009 the Finance minister of Maharashtra decleared that VAT on mobile will be 4 % only instead of 12.5% as per the suggestion.
this news a going to give a great boost to the mobile handset business in Maharashtra which was in a problem last few weeks.
Dear Mr. Mahesh,
Thanks for the update.
Can you pl. let us know the relevant circular/notification in this regard?
hi any one pl.let me knoe the exect status of vat on mobiles.
Dear Mr. Mahesh,
As per the information available with us, VAT has been hiked to 12.5% on mobile cellular handsets.