Maha Budget: Rs 25,000 crore outlay for agriculture

VAT on coconut hair oil sold in packs of up to 500 ml has been enhanced to 12.5 percent.

Exemption from levy of Sugarcane Purchase Tax for the year 2015-16 will be given to the sugar factories which export sugar as per the government policy, Mungantiwar said.

He also announced an amnesty scheme for Profession Tax enrolment holder.

Tax liability and penalty will be restricted to previous three years, he said.

Under the amnesty scheme for tax administered by Sales Tax Dept, the interest and penalty will be waived for dues up to March 31, 2005 subject to full tax payment, and also for disputed dues from April 1, 2005 to March 31, 2012 subject to full tax payment. 25 percent interest payment under VAT Act and balance dues will also be waived, he said.

Exemption of VAT will be given on warping and sizing of yarn for promoting the textile industry, he said.

Turnover limit for composition to retailers under the MVAT Act has been increased from Rs 50 lakh to Rs 1 crore.

VAT on the mammography machines used for detection of breast cancer will also be exempted.

VAT on sterile water for injections will be reduced from 12.5 percent to 5.5 percent, Mungantiwar said.

For the bakery industry, the turnover of tax free goods would be excluded for computing the turnover for composition.

VAT on retrofit kit fitted to vehicles for physically handicapped would be exempted.