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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.
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 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]
Online shopping is becoming popular in India with Maharashtra, and particularly the city of Mumbai, leading the nation. ... Stamp duty: Goods and Services Tax
The Brihanmumbai Municipal Corporation (BMC), [4] or the Municipal Corporation of Greater Mumbai (MCGM) is the governing civic body of Mumbai, the capital city of Maharashtra. Salman Khan Is Now Brand Ambassador of BMC from 2016. [5] The BMC is India's richest municipal corporation. [6] [7] Its annual budget exceeds that of some of India's ...
A public display of Stamp Office artifacts and records was held at the Courtauld Institute in 1994 to commemorate the three hundredth anniversary of the introduction of UK Stamp Duty. The Stamp Office was also awarded the Charter Mark by John Major's Advisory Committee as a reward for its public service.
The city of Mumbai, Maharashtra, India, is divided into administrative divisions. Greater Mumbai is the urban agglomeration of 18 million people (the largest in India and one of the six largest in the world) which comes under the Municipal Corporation of Greater Mumbai. The Municipal Corporation of Greater Mumbai employs 140,626 people.
Maharashtra is the third most urbanised state in India with 42.23% of its population living in urban areas, compared with the national average of 31.16%. The urban population grew by 23.7% in the 2001–2011 period to 50.8 million and now has the highest number of people living in urban areas. [ 1 ]