Maharashtra extends VAT exemptions on foodgrains for 1 year
Mumbai: The Maharashtra budget on Thursday
proposed to extend VAT exemptions on food articles like rice,
wheat and pulses among others for one more year to help
control price rise.
Finance Minister Sunil Tatkare while presenting the
budget for 2010-11 in the Assembly said that despite
recommendation from the empowered committee to levy value
added tax (VAT) of 4 percent on these goods, the government
has decided not to do so in order to keep the prices of these
essential items under control.
VAT exemption on rice, wheat, pulses and their flours,
chilli, turmeric, gur, tamarind, coconut, coriander seeds,
fenugreek, parsley (suva), papad, wet dates, Solapuri chadars
and towels will continue for another year, he said.
Tatkare said that he has not proposed any fresh taxes in
the revenue deficit budget of Rs 7,654.50 crore.
He also said that the concessional VAT rate of 5 percent
for raisins, currants and tea will be continued.
The tax relief period for aviation turbine fuel sold at
small airports, except Mumbai and Pune, will be continued till
March 31, 2011, he said. the state government had reduced VAT
on jet fuel to 4 percent to encourage air traffic and improve
the connectivity of small airports.
The minister said solar lanterns will be included in the
list of equipment working on solar energy which have been
exempted from VAT.
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