Maharashtra Budget 2023 taxation highlights

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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2023

Maharashtra ptrc slab rate 2023-24

Maharashtra Dy CM (Finance) Shri Devendra Fadnavis during his budget speech proposes Amnesty Scheme on various taxes levied by Sales Tax Department before introduction of GST Act. 

To provide relief to the common citizen, the industry and business, he propose to introduce amnesty scheme. This Scheme is applicable regarding concessions on various taxes levied by Sales Tax Department before introduction of GST Act.

Highlights of The Budget Speech dated 09th March, 2023

  • Maharashtra government proposes Amnesty Scheme on various taxes levied by GST Department before introduction of GST Act and duration of this Amnesty Scheme will be from May 1, 2023 to October 31, 2023
  • Complete waiver of the arrears in cases where arrears are Rs. 2,00,000/- or less per year. As a result small dealers will be benefited in around one lakh cases.
  • Dealers having arrears up to Rs. 50 lakhs or less per statutory order will pay only 20% amount and balance 80% will be waived. As a result medium dealers will be benefited in around eighty thousand cases.

No Profession tax on woman employees having salary up to Rs. 25000/-

  • Female employees drawing monthly salary up to 25000/- will be exempted from Profession Tax.
Person with Disability
  • The definition of ‘Person with Disability’ in the Profession Tax Act is proposed to be amended as per definition given in the Rights of the Persons with Disabilities Act, 2016 and hence more persons with disabilities will become eligible for exemption from payment of Profession Tax

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