Vidhi Codex

The Maharashtra Provisional Collection of Taxes Act, 1962

The Maharashtra Provisional Collection of Taxes Act, 1962

Tax19626 sections

The Maharashtra Provisional Collection of Taxes Act, 1962 allows the Maharashtra State Government to collect proposed new or increased taxes immediately upon introducing a tax Bill in the Legislative Assembly, without waiting for the Bill to complete the full legislative process. It applies across the State of Maharashtra to any taxpayer impacted by state taxes, rates, cesses, duties, fees, or tolls. This law matters to ordinary citizens and businesses because it prevents tax evasion during legislative debates, while protecting taxpayers by requiring automatic refunds if the proposed tax is reduced, rejected, or fails to pass within 60 days.

Start reading →Read full ActSections
  1. 1. Short title.
  2. 2. Definitions.
  3. 3. Power to make declarations under this Act.
  4. 4. Effect of declarations under this Act and duration thereof.
  5. 5. Certain refunds to be made when declarations cease to have effect.
  6. 6. Repeal of Bom. IV of 1938.

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