Rajasthan Budget Summary 2021
Rajasthan Budget Summary 2021
For SC/ST Enterprises
- B.R. Ambedkar SC/ST Enterprises Promotion Special Package under RIPS-2019. SC/ST enterprises will get special benefits such as a 50% reduction in investment limit, 200% EFCI, Interest Subsidy or Capital Subsidy and Incubation Centres to promote SC/ST entrepreneurs.
- Most Backward/ Backward and Tribal Areas Enterprises. Special benefits on the lines of Dr B.R. Ambedkar SC/ST Enterprises Promotion Special Package under RIPS-2019 like 50% reduction in investment limit, 200% EFCI, Interest Subsidy or Capital Subsidy.
For Real Estate
- Reduction of DLC rates of economic and Residential properties by 10%. Reduction of Stamp duty from 6% to 4% on flats in multi-storied buildings of value up to Rs. 50 lakh.
- Reduction of Stamp duty on EWS and LIG under CM Jan Awas Yojna from 1% and 2% to 0.50% and 1 respectively.
- Anywhere online registration, fixing of DLC rates by technology, GIS-based Urban Development Tax (UD Tax) system.
For Farmers
- Reduction of Mandi Fee, Krishak Kalyan Fee and brokerage to give relief to farmers. 10 % rebate on principal amount and 100% interest in respect of all pending instalments of allottees of agriculture land in Colonisation Areas if a farmer deposits all his pending dues by 30 June 2021. If he deposits only pending dues up to 30 June 2021 he will get a 100 % rebate in interest.
For Industries
- Extension of RIPS-2014 benefits by 2 more years till 31 March 2023. Amnesty on interest and penalty on pending Land Tax till 30 June 2021. Inclusion of Gems and Jewellery Bourse in commission Sector of RIPS-2019.
- Inclusion of the Healthcare Sector and API in Thrust Sector of RIPS-2019.
- Enhancement of employment subsidy from 75% to 90% for Solar and Wind Manufacturing Enterprises under RIPS-2019.
- Lowering of investment limit from Rs. 50 Cr. to Rs. 25 Cr. for e-Vehicle manufacturers for RIPS-2019 benefits. Inclusion of e-Vehicles charging/swapping stations in commission Sector with Thrust Sector benefits in RIPS-2019.
For Common Man
- 50% rebate on additional One Time Tax on used 2-wheelers and cars.
- SGST reimbursement to purchasers of e-Vehicles and up-front purchase assistance to buyers of 2-wheeler and 3-wheeler e-Vehicles.
- Stamp duty on the idea of allotment value rather than DLC rate in respect of Pattas given by Local Bodies. Stamp Duty on intermediate documents executed after 14th July 2014 will be charged @ 40% of DLC.
- Stamp duty on gift deed in favour of daughters-in-law will be reduced from 2.5% to 1% in the same lines as daughters. The Stamp duty rebate on the release deed is extended to more relatives. No stamp tax on Gift deed in favour of grandsons and granddaughters by their grandparents.
- “Late Sh. Gurusharan Chabra Jan Jagrukta Abhiyan” for awareness on temperance and drug abuse. 100 Cr.
- Nav Jeevan Kosh for the rehabilitation of families involved in illicit liquor making and education of their children.
- Simplification and online system for various services such as Transport permit and Tax Clearance Certificate, Electricity Duty, the refund of Stamp Duty & Registration Fee and Gypsum leases etc. The limit of maximum stamp duty will be 25 Lakhs Rupees in case of Security Bond. Amnesty Scheme from 1st April 2021 for pending Stamp Duty cases related to bank loans.
For Non-Profit Social Institutions
- Social Security Investment Promotion Scheme: SSIPS-2021 are going to be launched to offer various benefits to non-profit social institutions like rebate in stamp tax, Conversion Charges, Motor Vehicle Tax, etc.
- A customized package is going to be given in special cases. No stamp tax is going to be charged on gift deeds by individual/institutions in favour of those institutions.
For Traders
- A Comprehensive, online and faceless Amnesty Scheme-2021 with exemptions of tax, interest and penalty on various pending disputes associated with various repealed Acts like nuisance tax, VAT, Entry Tax, Entertainment Tax and Luxury Tax.
- Partial relief in tax for the first time in the State. No monetary ceiling. Valid up to 30th September 2021. This will be in three phases, early applicants will get more relief. Enhancement of limit of e-way bill from Rs. 50,000 to Rs. 1 lakh. Extension of your time limit for rectification of faulty declaration forms/submission of declaration forms.
For Transporters
- Transport Amnesty Scheme-2021 till 31st March 2021 to offer relief in pending automobile Tax cases. Relaxation in Compounding fee for overloading cases generated by e-Ravanna and reduction of Compounding fee in respect of select traffic offences. Relaxation in tax, interest penalty on destroyed vehicles.
- 3 years exemption in automobile tax for running newly purchased buses in rural areas. 8 slab progressive automobile Tax for stage carriage vehicles in other routes.
For Tourism and Tour operators
- Reduction of minimum area of Resort and Amusement Park defined under RIPS-2019 as per Building Bye-Laws. 100% exemption of monthly tax on AC luxury buses of Tour Operators recognized by IATO and RATO for the period from 1 July 2020 to 30 June 2021.
For Mining lease Holders
- Involvement of private players in the exploration of minor minerals. Registered agreement holder in respect of Khatedari land will be entitled to get a mining lease.
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