Maharashtra State officers endorsed a proposal that looks for the resolution of all the taxation-related discords and disputes pending prior to the Goods and Services Tax (GST) era.
There is a backlog of plenty of cases which are unsettled for many years such as :
- The Central Sales Tax, 1956,
- The Bombay Sales of Motor Spirit Taxation Act 1959,
- The Maharashtra Purchase Tax on Sugarcane Act 1962,
- The Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975,
- The Maharashtra Tax on Luxuries Act 1987,
- The Maharashtra Value Added Tax Act 2002 etc
So, the Maharashtra State cabinet is on the verge to pass a new law to make sure that people who will come forward for the resolution of pending issues will get quitclaim between 1% to 50% in their penalty amount.
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This law is introduced with the two basic aims. The first fulfils the recovery of the revenue which government was missing out due to the disputes and the second is to steer clear the heap of unresolved applications under the old taxation laws.
Hope the new law will serve optimistic results to people seeking resolution of pending applications and to the government as well. The state cabinet also agreed on the extension of the Mumbai Metropolitan Region Development Authority (MMRDA) limits.
Chief Minister Devendra Fadnavis, who also heads the MMRDA, approved the enlargement of the Mumbai Metropolitan Region till Palghar and extension of MMRDA limits by a total of 2000 sq km which authorise MMRDA for development work in Vasai, Panvel, Alibaug, Khalapur and Pen along with Palghar.
The statement of MMRDA said, “This decision will help develop these regions in a planned way.” in addition, he said, “There will be an emphasis on the development of Growth Centers, which will work as a catalyst for the development of the region.”
