Speaking at a state-level tax advisory committee meeting for the preparation of the state budget, Rajasthan chief minister Vasundhara Raje on Tuesday said Goods and Services Tax (GST) will simplify the tax structure and boost the revenue model of the state. Holding the discussions with representatives of the industry bodies, tax experts and briefed suggestions for the state budget.
The pre-budget memorandum is focused on MSMEs, agro-processing industries, automatic land conversions as per master plan, pollution control board parameters, etc, CII-Rajasthan said, the system of single window support for investments below Rs 10 crore is not working properly as district magistrates have a time issue. “This should be controlled and monitored by commissioner industries through GM, DICs,” it added.
CII also suggested a council on the lists of Export Promotion Council of Handicraft. Similarly, FICCI-Rajasthan also said the commercial taxes department imposes 12% interest on delayed payments but gives for only 6% interest in the case of refunds. “This should be at the same rate or with a narrow differential,” it added. It also urged the chief minister to withdraw entry tax on polyester filament yarn, industrial fuels. There is no policy on software product development in the country.
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PHD CCI said Rajasthan should take initiative in this like it has done for constructing labor reforms. “We develop products for foreign multi-national companies like Windows, Linux etc but we don’t have our own operating system. Rajasthan may take lead under the guidance of our visionary chief minister,” it added.
Federation of Trade and Industry also pitched for the traders urging the government to set up a committee which can discuss the troubles faced by them. “Haryana has already done this to the great benefit of the traders there. We would like to have a similar one in Rajasthan,” a FORTI statement said.
