The government of Rajasthan today imposed a few taxes aimed at earning approximately Rs 500 crore in 2011-12, with raising lands' DLC rates by 15 per cent and increasing urban cess of 5 paise per unit on consumers in municipal areas consuming more than 100 units a month.
State Chief Minister and Finance Minister Ashok Gehlot presented his third annual Budget in the state assembly today and proposed an annual plan size of Rs 28,461 crore, with a fiscal deficit budget of Rs 8,063 crore for the year 2011-12.
In order to strengthen civic bodies financially, Gehlot said Urban Cess of 5 paise per unit on consumers in municipal areas consuming more than 100 units per month was increased which is expected to generate a revenue of around 50 crore.
He said raising District Level Committee (DLC) rates of all types of lands will also generate a revenue of Rs 175 crore. He also raised tax on aviation turbine fuel from 14 per cent to 20 per cent.
The revenue surplus to be estimated for the stipulated year would be around Rs 352 crore 62 lakh, Gehlot said.
He made an estimated surplus budget of Rs 99.15 crore in the next fiscal with total revenue receipt of Rs 52,287 crore.
He increased 40 per cent tax on tobacco products and said it was necessary to demoralise the use of tobacco products, considering its effects on its consumers' health.
Gehlot announced to set up a Rajasthan Infrastructure Development Fund (RTIDF) to fulfil the conditions of Jawahar Lal Nehru Urban Renewable Mission (JNNURM) for execution of activities related with pollution control and making available a planned and safe public transport.
He proposed to impose 10 per cent tax on one time tax payable under Rajasthan Motor Vehicle Act-1951 on that fund. However, vehicle up to Rs 3 lakh will be exempted from this tax.
The Chief Minister also proposed to impose 'Green Tax' on all old and new vehicles and revenue collection will be used for pollution control.
Doling out sops for all the sections of the society, Gehlot announced to exempt fresh fruits, vegetables, all pulses, wheat and rice from the tax bracket and exempted cinema entertainment tax, which earlier was 30 per cent.
Tax has been reduced from 14 per cent to 5 per cent on electronic milk tester and its parts, welding glass and machine, synthetic industrial diamond powder and gems stone cutting and polishing tools, limestone, desert coolers made of iron body, LED lamps, water storage tanks made of plastic and food served by outdoor caterers.
Gehlot exempted tax from Jaipuri Rajai, handmade woolen carpets, food being made available from religious organisations and charitable trusts, kerosene through PDS system, articles used in kitchen like gas lighter, disk and rolling pin, etc.
He proposed to waive interest if businessmen submitted all returns and pending taxes on FY11 by March 31, 2011 and also announced simplification of tax procedures.
Gehlot also announced to launch E-stamp system at all the seven divisional headquarters, reduced stamp duty rate from 5 per cent to 2 per cent.
In the begining, the chief minister informed the house that the state budget was first in the country which was prepared by 'integrated financial management system'.
Under this system, budget proposals were presented to the finance department online and the finance department also finalised the budget proposals by computer.
State Chief Minister and Finance Minister Ashok Gehlot presented his third annual Budget in the state assembly today and proposed an annual plan size of Rs 28,461 crore, with a fiscal deficit budget of Rs 8,063 crore for the year 2011-12.
In order to strengthen civic bodies financially, Gehlot said Urban Cess of 5 paise per unit on consumers in municipal areas consuming more than 100 units per month was increased which is expected to generate a revenue of around 50 crore.
He said raising District Level Committee (DLC) rates of all types of lands will also generate a revenue of Rs 175 crore. He also raised tax on aviation turbine fuel from 14 per cent to 20 per cent.
The revenue surplus to be estimated for the stipulated year would be around Rs 352 crore 62 lakh, Gehlot said.
He made an estimated surplus budget of Rs 99.15 crore in the next fiscal with total revenue receipt of Rs 52,287 crore.
He increased 40 per cent tax on tobacco products and said it was necessary to demoralise the use of tobacco products, considering its effects on its consumers' health.
Gehlot announced to set up a Rajasthan Infrastructure Development Fund (RTIDF) to fulfil the conditions of Jawahar Lal Nehru Urban Renewable Mission (JNNURM) for execution of activities related with pollution control and making available a planned and safe public transport.
He proposed to impose 10 per cent tax on one time tax payable under Rajasthan Motor Vehicle Act-1951 on that fund. However, vehicle up to Rs 3 lakh will be exempted from this tax.
The Chief Minister also proposed to impose 'Green Tax' on all old and new vehicles and revenue collection will be used for pollution control.
Doling out sops for all the sections of the society, Gehlot announced to exempt fresh fruits, vegetables, all pulses, wheat and rice from the tax bracket and exempted cinema entertainment tax, which earlier was 30 per cent.
Tax has been reduced from 14 per cent to 5 per cent on electronic milk tester and its parts, welding glass and machine, synthetic industrial diamond powder and gems stone cutting and polishing tools, limestone, desert coolers made of iron body, LED lamps, water storage tanks made of plastic and food served by outdoor caterers.
Gehlot exempted tax from Jaipuri Rajai, handmade woolen carpets, food being made available from religious organisations and charitable trusts, kerosene through PDS system, articles used in kitchen like gas lighter, disk and rolling pin, etc.
He proposed to waive interest if businessmen submitted all returns and pending taxes on FY11 by March 31, 2011 and also announced simplification of tax procedures.
Gehlot also announced to launch E-stamp system at all the seven divisional headquarters, reduced stamp duty rate from 5 per cent to 2 per cent.
In the begining, the chief minister informed the house that the state budget was first in the country which was prepared by 'integrated financial management system'.
Under this system, budget proposals were presented to the finance department online and the finance department also finalised the budget proposals by computer.
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