The Government of Maharashtra on July 09, 2024, issued the Maharashtra Tax Laws (Amendment) Bill, 2024.
The following amendments have been stated:
• In section 39 of the Maharashtra Stamp Act, which states “Collector's power to stamp instruments impounded”, in sub-section (1):
o For the word and figures "section 33", the word, figures and letter "section 33 or 33A" shall be substituted;
o The words "not being an instrument chargeable with a duty of twenty naye paise, or less," shall be deleted;
o In clause (b), for the words and figure "of an amount equal to 2 per cent.", the words and figures "in case of registered instrument an amount equal to 1 per cent. and in other cases an amount equal to 2 per cent." shall be substituted.
• In section 27A of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975, which states “Exemptions”, for clause (h), the following clause shall be substituted, namely:
o "(h) the armed members, serving in the State, of:
o The Central Reserve Police Force constituted under the 66 of Central Reserve Police Force Act, 1949;
o The Border Security Force constituted under the Border Security Force Act, 1968;
o The Central Industrial Security Force constituted under the Central Industrial Security Force Act, 1968;
The Sections 2, 3 and 4 shall come into force on the date of publication of this Act in the Official Gazette and section 5 shall come into force from such date as the State Government may, by notification in the Official Gazette, appoint.
[L.A. Bill No XVIII of 2024]
