Mar 5: The Karnataka government on Thursday proposed to increase rate of tax on petrol and diesel by three per cent which would make the fuel dearer by Rs 1.60 and Rs 1.59 per litre, respectively.
Presenting the 2020-21 budget in the Legislative Assembly, Chief Minister B S Yediyurappa proposed to increase rate of tax on petrol from 32 per cent to 35 per cent and diesel from 21 per cent to 24 per cent, as part of additional resource mobilisation measures.
Yediyurappa, who also holds the finance portfolio, increased excise duty on Indian Made Liquor (KML) across 18 slabs by six per cent.
However, to promote affordable housing, the government proposed to reduce stamp duty on first time registration of new apartments/flats costing less than Rs 20 lakh from existing five per cent to two per cent.
This is the first budget of the BJP government after coming to power last year; it's the seventh presented by Yediyurappa.
"For the year 2020-21, a total amount of Rs 55,732 crore is provided for stimulating economic growth sector", the Chief Minister said.
He said the revenue collection target for the Commercial Taxes department for the year 2020-21 is fixed at Rs 82,443 crore.
Stating the government had fixed a revenue target of Rs 20,950 crore for the excise department for the year 2019- 20, he said at the end of February Rs 19,701 crore had been collected.
"We hope to achieve the budget target."
He also hoped with the increase in rates and effective enforcement and regulatory measures, the Excise department would be achieving the target of Rs 22,700 crore fixed for the financial year 2020-21.
On the transport sector, Yediyurappa said it is proposed to levy motor vehicle tax on contract carriages having seating capacity to carry more than 12 passengers, but not more than 20 passengers at the rate of Rs 900 per seat per quarter.
He said it is also proposed to levy vehicle tax on new model sleeper coaches which are granted permits under section 88 (9) of MV Act 1988 at the rate of Rs 4,000 per sleeper per quarter.
Noting that a target of Rs 7,100 crore revenue collection is expected to be achieved in 2019-20 in transport sector, he said for 2020-21 revenue collection target has been fixed at Rs 7,115 crore.
He said the revenue collection target for 2019-20 under stamps and registration was fixed at Rs 11,828 crore and against this Rs 10,248 crore has been collected till the end of February 2020 which is 87 per cent of full year target.
While the revenue collection target for 2020-21 under stamps and registration is fixed at Rs 12,655 crore.
Comments
Shady stock brokers will try to sell speculative stocks to
clients who hve expressed preference inn investing in low-risk, steady
growth stockos that have less risk of sustaining capital loss.
The creation died a sudden death, its principles by no means realized, and through all
those time individuals reproduced docments manually using
longhand. You can save resources when you only have to
log in to tthe internet to buy your needs.
Heere is mmy webpage su kacagi tespit cihazi: https://www.youtube.com/watch?v=ToednXFnemk
Yet another substantial result associated with the ressearch
indicated that the label applied too the product packaging or caftridges marke
as 'Comprising No Nicotine' in reality has nicotine.
Technological advancements today have led tto the creation of the new electtronic cigarette, a device tht aims to
hewlp evven the most seemingly hopeless smoker too
quit. It is ridiculous that I have never been to law school and do noot make it
a habit of studying thhe law, yet I had to tell them what their own law was.
my web page; elektronik sigara tütünü: http://gzomh42-1011523553.pen.io/
Yet another substantial result associated with the research indicated that
the labe applied tto the product packaging orr cartridgess marked as 'Comprising No Nicotine' in reality has nicotine.
Secondly, when dscussing health aand safety, you have to take
into account the health and safety of people who smoke
traditional tobacco cigarettes. After advertising on Craigslist,
he soon had a huge customer bse in Cerritos and the surrounding areas.
Visit my web-site elektronik sigara gen: http://re.vu/summeroffice98
Researchers hasv? createed a t?chnique ff?r
activating organic signaps through tthe skin of a living animal ut?lizing light.
My blog - Tianeptine Sodium: https://noots4less.com/product/tianeptine-sodium/
Don't make assumptions based on names that imply savings such as Budget, Dollar and Thrifty.
This not only requires creative thinking, but the intestinal fortitude to pursue new ideas and deal with
periodic setbacks. That is why our incentive program are made to be an unique one where you will experience something new something unique every time.
My web page ... antalya
araç Kiralama Havalimani: http://www.cognoschina.net/home/link.php?url=http://www.xa999.com/hi/li…
????????????? ?? ?????.
?????? ???????????? ???????.
??? ????????, ??? ????????? ? ???? ???? ????? ??????
????????? ???????.
My blog :: ?????? ??????: http://ludovodka.ru
Add new comment