Dear friends, I am attaching the budget speech (Part-II) given by the Maharashtra Finance Minister on 26.3.2012 along with highlights for your information. The following points may be noted: - Online verification of input tax credit facility will be made available to dealers shortly. - C forms will be issued in electronic form. - Dealers will not be able to upload returns without payment of a late fee of Rs. 5,000/- - In case of branch transfers outside the State, the setoff will be reduced by 4% instead of 2% from 1.4.2012. - Stamp duty on conveyance deeds will be increased to 3% in the case of areas under Grampanchayats, 4% in the case of Municipal Councils, and 5% for other urban areas including Municipal Corporations. Thanks
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