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Maharashtra Tourism Policy
Coverage for incentives under the Maharashtra Tourism Policy 2016 will include:
1. Tourism Projects in the Private Sector
2. State Public Sector/Joint Sector
3. Co-operative Sector
Maharashtra Tourism Policy
Eligible Units Eligible units that will be covered as a part of this policy are as follows:
- Hotels, Heritage Hotels, Resorts and Health Farms, Health & Wellness spa and units registered under the Bed and Breakfast scheme of MTDC/DoT.
- Motels and wayside amenities
- Apartment Hotels/Service Apartments
- Water Sports and Amusement Parks
- Arts and Crafts Villages
- Golf Courses
- Camping, Caravanning and Tent Facilities
- Arial Ropeways
- Exhibition-cum-Convention Centers
- Projects approved by classification Committee of the Tourism Department of the State Government or Govt. of India
- Development of Hill Stations – Tourism units
- Adventure Tourism Projects
- Houseboats
- Eco-Tourism Projects
- Museums and Aquariums
- Shacks
- Medical tourism units
Classification of tourism units in Maharashtra
Fiscal Incentives
Mega Project classification and threshold limits
Government of Maharashtra realizes the multi-fold benefits of mega project investments in the tourism sector. A tourism unit will be awarded a mega/ultra- mega project status as per the Fixed Capital Investment (FCI) and the direct employment generated.| Types of Units | Zone Classification | Fixed Capital Investment in INR Core | Direct Employment Generation | Time Period For Investment (In Months) |
|---|---|---|---|---|
| Mega Project Unit | A | 100 | 300 | 60 |
| B | 50 | 150 | 48 | |
| C | 25 | 75 | 48 | |
| STZ/STD | 15 | 45 | 36 | |
| Ultra Mega Project Unit | Entire State | 500 | 750 | 84 |
| Types of Units | Zone Classification | Fixed Capital Investment in INR Crore | Direct Employment Generation | Time Period For Investment (In Months) |
|---|---|---|---|---|
| Mega Project Unit | A | 100 | 300 | 60 |
| B | 50 | 150 | 48 | |
| C | 25 | 75 | 48 | |
| STZ/STD | 15 | 45 | 36 | |
| Ultra Mega Project Unit | Entire State | 500 | 750 | 84 |
Fiscal incentives to Mega/Ultra Mega projects
| A | B | C | STZ/STD | Ultra Mega Project Unit | |
|---|---|---|---|---|---|
| Eligibility Period In Years | 10 | 10 | 15 | 15 | 20 |
| Vat Reimbursement | 50% of VAT on local sales less Input Tax Credit or zero whichever is higher | 75% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher |
| Luxury Tax Exemption | 50% | 75% | 100% | 100% | 100% |
| Enterttainment Tax Exemption | 50% | 75% | 100% | 100% | 100% |
| Electricity Duty Exemption | 50% | 75% | 100% | 100% | 100% |
| A | B | C | STZ/STD | |
|---|---|---|---|---|
| 5 | 5 | 7 | 7 | |
| Vat Reimbursement | 50% of VAT on local sales less Input Tax Credit or zero whichever is higher | 75% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher |
| Luxury Tax Exemption | 50% | 75% | 100% | 100% |
| Entertainment Tax Exemption | 50% | 75% | 100% | 100% |
| Electricity Duty Exemption | 50% | 75% | 100% | 100% |
| Stamp Duty and Registration Charges Exemption | 50% | 75% | 100% | 100% |
Fiscal Incentives to MSME units
| A | B | C | STZ/STD | |
|---|---|---|---|---|
| Eligibility Period In Years | 5 | 5 | 7 | 7 |
| Vat Reimbursement | 50% of VAT on local sales less Input Tax Credit or zero whichever is higher | 75% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher |
| Luxury Tax Exemption | 50% | 75% | 100% | 100% |
| Enterttainment Tax Exemption | 50% | 75% | 100% | 100% |
| Electricity Duty Exemption | 50% | 75% | 100% | 100% |
| Stamp Duty and Registration Charges Exemption | 50% | 75% | 100% | 100% |
| A | B | C | STZ/STD | |
|---|---|---|---|---|
| 5 | 5 | 7 | 7 | |
| Vat Reimbursement | 50% of VAT on local sales less Input Tax Credit or zero whichever is higher | 75% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher | 100% of VAT on local sales less Input Tax Credit or zero whichever is higher |
| Luxury Tax Exemption | 50% | 75% | 100% | 100% |
| Entertainment Tax Exemption | 50% | 75% | 100% | 100% |
| Electricity Duty Exemption | 50% | 75% | 100% | 100% |
| Stamp Duty and Registration Charges Exemption | 50% | 75% | 100% | 100% |
Maharashtra Tourism Policy
Eligible units
- Hotels
- Resort
- Health Farm
- Apartment hotels
- Water sports
- Arts and craft village
- Water park
- Ropeway
- Heritage Hotel
- Amusment park
- Motels and Wayside amities
Tags:
- Maharashtra Tourism Policy
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