Highlights
COSTLY :
STAMP DUTY , HOUSES
GLASS , MIRROR
PLASTIC BAGS , ITEMS
BICYCLES rs. 10,000 & ABOVE
CHEAPER :
HEAVY TRUCK
MILK PROCESSING UNITS
FARM EQUIPMENT
CARS FROM CSD FOR SOLDIERS
SOY MILK
DIALYSIS MACHINE
ORGANIC FERTILIZER
BUDGET RECEIPTS & EXPENDITURE
RECEIPTS |
|
EXPENDITURE |
Tax on income & expense |
16 |
General Services |
Tax on assets & capital |
5 |
Administrative services |
11 |
Tax on services |
|
Interest & loan rescheduling |
7 |
Economic services |
|
Customs & Excise |
7 |
Others |
10 |
Agriculture & allied |
8 |
State excise |
7 |
Social Services |
|
Rural development |
7 |
Sales Tax |
18 |
Education, sports & culture |
19 |
Industry & mining |
2 |
Others |
11 |
Health & family welfare |
5 |
Irrigation & flood control |
1 |
Forestry |
1 |
Water supply , sanitation |
1 |
Energy |
5 |
Non ferrous mining & industry |
3 |
Social welfare & nutrition |
1 |
Transport |
1 |
Others |
5 |
SC,ST,OBC welfare |
3 |
Grant |
5 |
Grants |
27 |
Others |
3 |
Assistance, grants |
5 |
BUDGET REACTIONS
"It is balanced and development-oriented. Budget will enhance growth, employement and fulfil dreams of weaker and poor sections of society.
SHIVRAJ SINGH CHOUHAN , CM
"Budget is disappointing and 'copy of old promises'. Tall claims of speeding up growth not visible in budget.
BALA BACHCHAN , DY LEADER CONG
"Nothing important for industries except relief from filing annual report.
MUKESH SACHDEVA , PRESIDENT, GOVINDPURA INDUSTRIES ASSN, BHOPAL
"Effort put in to mitigate sufferings of farmers hit by drought and scanty rain. Govt has tried to generate resources by increasing VAT on select goods.
JAYANT MALAIYA , FM
PAY MORE FOR SHOPPING ONLINE
Online shopping in Madhya Pradesh is all set to cost more as the state proposes to levy 6% tax on e-commerce transactions.
MP will be the third state after Uttarakhand and Jharkhand to slap tax on e-commerce business.
Presenting the state budget here on Friday, FM Jayant Malaiya announced that tax would be levied in the form of entry tax.
This is one of the many measures of the government to generate more revenue. It will help to improve tax administration, he announced amid thumping of desks by treasury bench members.
The finance department is carrying out an exercise to understand losses incurred by the government following increased online shopping, highly placed sources said.
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