« Top Headlines » Open DEMAT Account in 24 hrs  Tax planning for 2025: How to maximise your savings before March 31 deadline  New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025 «  For that feeling of expansive lightness... Service Tax (Fourth Amendment) Rules, 2006... » Maharashtra makes VAT claim of Rs 389 crore September, 25th 2006 Maharashtra has made a compensation claim of Rs 389 crore to the Centre for the shortfall in tax revenues recorded by the State in April-July 2006 on account of implementation of Value Added Tax (VAT). In fiscal 2005-06, which was the first year of VAT implementation, Maharashtra had made a total VAT compensation claim of about Rs 3,550 crore. Of this claimed amount, the Centre has so far disbursed about Rs 1,400 crore to the State. Meanwhile, sources said that the tax revenues of the State registered a 30 per cent growth in the first five months of the current fiscal.