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TRADE CIRCULAR.

Sub: Amendments to various Acts administered by the Sales Tax Department and notifications issued thereunder.

Ref: 1)Maharashtra Act No XVII of 2015 dated 18th April 2015

2) Notification No. VAT 1515/CR 39(1)/Taxation 1 dated 27th March 2015, issued u/s 9(1) of the Mah.Value Added Tax Act, 2002.

3) Notfn. No VAT 1515/CR 39(2)/Taxation 1 dated 27th March 2015 issued under Schedule entry C-70 of the Mah. Value Added Tax Act, 2002

No.VAT/AMD-2015/1A/3/Adm-8

Trade Cir. 6T of 2015

Mumbai Dated- 14.05.2015

To give effect to the Budget proposals for the year 2015-16, a Bill (Legislative Assembly Bill No. XVI of 2015) to amend the various Acts, administered by the Sales Tax Department has been passed by the Legislature and has received assent of the Governor on 18th April 2015. The Act (Maharashtra Act No. XVII of 2015) is published in the Maharashtra Government Gazette dated 18th April 2015.

Schedule ‘A’ and “C” have been amended by notification u/s 9(1) of the MVAT Act, 2002, (reference no. 2) issued on 27th March 2015. Notification referred at serial 3, under the newly substituted Schedule entry C-70 for “paper” has been issued on 27th March 2015.

The Acts, which are amended, by the above referred Amendment Act, are as follows:

1. The Maharashtra Purchase Tax on Sugarcane Act, 1962(SCPT Act);

2. The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act);

3. Maharashtra Tax on the Entry of Goods in to Local Area Act, 2002 (Entry Tax Act):

4. The Maharashtra Value Added Tax Act, 2002 (MVAT Act).

The effective date for each of the amendment has been mentioned in the respective para explaining the amendment.

The salient features of the amendments are explained below:‑

A. Amendments to Maharashtra Purchase Tax on Sugarcane Act, 1962 (SCPT Act):-

Exemption from payment of SCPT for 2014-15 (Amendment of section 128):

i. Clause (e) of section 12B had empowered the State Government to issue a notification, providing for exemption from the payment of SCPT by the sugar factories to assist them to make payment of fair and remunerative price to the farmers for the year 2013-14.

ii. Clause (e) has now been amended to enable the State Government to issue such notification for the year 2014­15 also.

iii. The notification, issued by the State Government, shall be made available on the Department’s web-site, immediately after it is issued.

B. Amendment to the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (PT Act):

Exemption limit for salaried women increased (Amendment to Schedule):

i. Existing provision: Schedule I, appended to the PT Act provides for rates of tax for different classes of persons. Entry 1 in this Schedule contains slab-wise rates of tax, applicable to salary and wage earners. Entry 1 in Schedule I was amended last year w.e.f. 1St July 2014 to increase the exemption limit for salary/wage earners to rupees 7,500 per month.

ii. Amended provision: As announced by the Hon/1)1e Finance Minister during the budget speech for the year 2015-16, the exemption limit of salary/wages for women has now been increased from rupees 7,500 to rupees 10,000 per month. This amendment is effective from 1st April 2015. The benefit of this increased exemption limit shall be available to the salary for the month of April 2015 and onwards, irrespective of the date on which the salary is disbursed.

iii. The rates of PT for other slabs of salary, wages remain unchanged.

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