Maharashtra government has decided to impose drought tax for raising funds around Rs 1,600 crore in the next 5 months to cope with a drought situation. This tax is temporary.
ITEMS ON WHICH TAX WILL IMPOSED
Petrol, Diesel, Alcohol, Cigarettes, Cold drinks, Diamond and Gold jewellery
- Surcharge of Rs 2 will imposed on petrol and diesel
- Alcohol, cigarettes and cold drinks will imposed by 5% VAT
- There will also 20% increase in VAT on Gold and diamond jewellery
This is the first time after 1973 disastrous famines that state government had levied a tax to tackle with crisis.
Government has already spent around Rs. 3,332.57 crore through various schemes and programmes to help the drought-hit farmers.
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