Gandhinagar, 17 June 2020
The Modi government at the Center has prepared a package of Rs 20 lakh crore for the people. In which Gujarat should have got 1 lakh crore rupees. Those not found. Against this, the Gujarat government has announced an aid package of Rs 14452 crore. In which the state government has announced the Gujarat package of Rs 14022 crore. There will be an additional cost of Rs 430 crore for health facilities and other ancillary arrangements.
The Gujarat BJP victory gave the Rupani government a slight advantage and raised taxes on petrol to Rs 1,800 crore. Got it. It has saved a total of Rs 10,000 crore by lowering the salaries of employees and MLAs and reducing legislative grants by cutting public works.
A massive recession in Gujarat and a two-month coro lockdown have resulted in a steep decline in government revenue. The state government will also provide necessary benefits and facilities to the citizens through austerity. Industries including trade, employment, trade, tourism and hotels were shut down.
The estimated revenue this year in Gujarat is estimated to fall from Rs 24,500 to Rs 26,000 crore. Mainly GST revenue fell by Rs 10000 crore, petrol, diesel VAT revenue by about Rs.8500 crore, motor vehicle sales revenue by Rs.20000 crore and electricity duty revenue by about Rs.13000 crore Hope to come.
Petrol, Diesel Revenue Reduced To Rs. 2
The Gujarat government has increased the price of petrol and diesel by Rs 2 from June 16, 2020. Therefore, 1500 to 1800 crore rupees will be a burden on the people. The price of petrol in Gujarat is Rs.71.88. Which increased by Rs.2 to Rs. Will be 73.37. The price of diesel in Gujarat is currently Rs.70.12. Which will increase by Rs 2 to Rs.72.12.
According to this year’s budget, the state was estimated to earn Rs 23,230 crore annually from VAT. In the event of recession and corona epidemic, VAT revenue will decline by about 30% to 35% (Rs 7,000 to 8,500 crore).
Other states have Rs 83.83 in Madhya Pradesh, Rs 83.86 in Maharashtra and Rs 83.14 in Rajasthan. In states other than Gujarat, the price of a liter is 10 to 12 rupees more.
Under austerity measures, the monthly salary of all ministers and MLAs, including the Chief Minister and Deputy Chief Minister, will be reduced by 30% by March 2021. Similarly, the grant works of the MLA sector have been halted.
The state government has decided to exempt employees’ DA from January 1, 2020 to July 1, 2021. This will save Rs 3400 crore. The state government has banned the purchase of new vehicles, new furniture, computers and other equipment.
Stamp duty and registration fee
Revenue for the current year was estimated at Rs 8,700 crore. The stamp duty and registration fees average Rs 700 crore per month. But in April the revenue from stamp duty and registration fee was only Rs 5 crore, while in May it was only Rs 25 crore. Phase duty and registration operations have commenced in the post-lockdown period, but it is estimated that there will be a reduction of about 45% to 50% (Rs 3,900 to 4,300 crore) in revenue from stamp duty and registration fees.
Motor vehicle tax
Motor Vehicle Tax – According to the budget for the current year, the revenue from the motor vehicle tax to the state is Rs 4058 crore as against Rs 60 crore in April and May. Private luxury buses (contract carriage buses) and jeeps, taxis (maxi cabs) etc. are exempted from paying motor vehicle tax (road tax) for 6 months due to lockdown. This amount is 221 crores. Owners of cargo trucks and tempo (freight vehicles) are exempted from paying the Goods Motor Vehicle Tax (Road Tax) for a period of nine months from 1 April 2020 to 31 May 2020 in view of the economic loss in the corona situation. The amount is 100 crores. Overall, motor vehicle tax revenue will fall from around 40% to 45% (1800 to 2000 crores).
According to this year’s budget, the state had annual revenue of Rs 8,700 crore from electricity tariffs. It has been decided to waive the prescribed tariff of April and May 2020 in the electricity bill for electricity consumers with LT electricity connections for commercial electricity consumers and industries. The amount of which is Rs.650 crores. Due to limited economic activity in April and May, there will be a reduction of about 10 to 15% (Rs 800 to 1300 crore) in revenue from electricity tariffs.
In the meeting, these important decisions have been taken by the chairman of the state government to thrill the industries in accordance with the report submitted by the committee in place of former central secretary Hasmukh Adhia. The above details were given by Nitin Patel, who is in charge of the Finance Department.