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Govt cuts VAT on LED lights; yarn traders cry foul
December, 10th 2015
The cash-strapped Maharashtra government is keen to implement measures to increase its revenue in the coming fiscal.
State finance minister Sudhir Mungantiwar on Monday met sales tax department officials and approved the "organizational restructuring" of the setup. The finance department officials plan to have marathon meetings, spread over three days in January 2016, to discuss measures to shore up revenue.
The sales tax department has been given a target of increasing the revenue to Rs 76,279 crore to finance drought relief and other social welfare obligations of the government. "BJP's poll promises included giving aid to drought-hit areas and scrapping toll. Now that the party is in power it must fulfil its promises for which the government must find new sources of revenue," said a bureaucrat.
