Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: empanelment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: TDS :: list of goods taxed at 4%
 
 
« Budget Extravaganza »
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017
 Have you availed these new home loan tax benefits of Budget 2016?
 The budget should cut corporate tax rates drastically
 What India wants in this Budget: Jobs and more jobs and focus on farm sector
 Budget 2017: Here are a few areas where FM Jaitley can give you tax breaks
 New structure and substance to define this Budget

Goa Budget levies fee on iron ore lying on forest land
March, 27th 2012

Goa Chief Minister Manohar Parrikar has proposed to levy fee on iron ore lying on government-owned forest land and also sought to conduct auction for the ore deposited on agriculture land owned by individuals.
Presenting the state budget, the chief minister proposed to survey the ore which has been washed into the paddy fields and agricultural land, which would be auctioned by the state government.

The budget has recommended to impose a fee of Rs 250-500 per tonne depending on iron ore percentage on all the dumps on government and forest land.

Besides, Parrikar said that government would take custody of areas where ore from nearby mining sites has come to accumulate.

"There are large quantum of minerals that has got deposited on agricultural lands due to mining operations and ore handling," he said presenting the budget.

"Those deposits are said to be large in quantity and few private players are negotiating with the owners of the land for its handling," he said, adding that the government will take custody of such areas and evaluate the iron ore deposits and also degradation of the agricultural land.
"If found feasible, such ore deposits will be put to auction and the proceeds will be put to rejuvenate the affected agricultural land," Parrikar added.

The budget has also proposed to allocate 60% of the revenue generated through mining royalty for infrastructure development of the iron ore rich belt, which has been facing difficulties due to narrow roads.
   
The money, Parrikar said, will also be used to revitalise the adversely affected agriculture land and environment.
In his populist budget, Parrikar slashed petrol prices by Rs 11, announcing Rs 1,000 monthly allowance for housewives, proposing to stabilise domestic gas cylinder prices, and setting target of 15% GDP growth for the next fiscal.

Parrikar, who also holds the finance portfolio, said that VAT on petrol would be almost abolished. There would a VAT at 0.1%, just to keep a sale record.

This, Parrikar said, would cut petrol prices by almost Rs 11 per litre. Current price of petrol in Goa is Rs 65 per litre.

The Chief Minister also proposed that housewives from the families with annual income less than Rs 3 lakh would be given 'remuneration' of Rs 1,000 per month.
Domestic gas cylinder prices, as of March 16, 2012 (when Union Budget was presented) would be frozen for the next five years.

The BJP-led government also announced hike in allowance paid under Dayanand Social Security Scheme, from Rs 1,000 to Rs 2,000 per month. It covers senior citizens, widows, women abandoned by husbands, disabled and people affected with HIV.

Parrikar also said that the target for the next fiscal was to achieve 15% gross domestic product growth from the existing 8.3%.

There will be additional revenue mobilisation to the tune of 15%, and revenue deficit would be wiped out by implementing planned projects, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions