Highlights of Rajasthan Budget 2013-14 for IT Sector
Rajasthan Budget 2013-2014 was presented on 6th March 2013 by the Hon. Chief Minister of Rajasthan Shri Ashok Gehlot in the Assembly of Rajasthan.
Some of the views of eminent personalities of IT industry on this budget.
Mr. TarunTaunk, Chief Editor, IT Voice, President, RITO, said that there has been no major change in IT policies. He added that this is only industry where major employment is there and it is driven by Pvt. Sector so govt should make some policies to make environment conducive for private sector to grow. Though VAT for computer related hardware has been made 5%, it should also include consumables mainly cartridges, as inter-state supplies is happening which is hampering the Govt taxes. He further added that IT projects announced earlier are yet to be implemented, also some infrastructure subsidies should be announces to promote this sector.
Dr. Ajay Data, Founder and CEO, Data Infosys, welcomed the budget saying with the focus shifting on e-payment and e-payment through e-GRAS, govt is planning to promote IT big time. Also, plan of using ADHAAR card for giving subsidies to people will help in keeping fair and open deal.
Mr. Sooraj Khatri, Ex-Director IOB, Gen Secretary RITO welcomed the budget with open hands saying this will provide multi-side benefits to Rajasthan Govt as IT is linked to every field. Hon. CM has made good announcements keeping in mind the welfare of Rajasthan people.
Criticizing the budget, Mr. Rahul Mehta, Director, GIPL said that not many policies have been made to incentivize investments in IT. IT being employment generator, there are not many policies to support this.
Mr. Rajesh Bharadwaj, Director, SICT said that this is a political budget owing to elections. He also added that there has been no promotion for self-employment.
According to Mr. AK Gupta, Secretary, FORTIS the policy of e-GRAS will provide thrust to IT sector, as skills will be developed thereby providing employment to people. He also added that the demand for tax system for hardware to be brought down from 14%to 5% has been accepted.
Mr. Kailash Gupta, President, RCTA welcomed the budget saying that after 2 months of lobbying by RCTA for commercial taxation, tax for hardware has been reduced from 14% to 5%. Anomalies in VAT system for IT sector have been addressed.
He further added, on the other hand, there is no announcement to encourage investments by IT and ITes companies which thereby will create job opportunities for students. NO clear foresighted for budget spending on e-payment, E-GRAS implementation.
Mr. Kshitij Jain,CA, Mindspace Outsourcing welcomed the move of reducing the VAT on hardware by 5%, focusing on e-payment through e-GRAS are some positive initiatives to promote IT development. However, no package declared to develop IT park on the lines of Automobile Park; no incentives declared for IT employees.
The Highlights of Budget for IT sector are as below
- VAT on hardware reduced from 14% to 5%. The details are mentioned below:
In Part-A of Schedule IV appended to the said Act,- In column number 2 against serial number 3, for the existing expression
“Computer system and peripherals, computer printers excluding multifunctional devices and electronic diaries”, the expression “Computer system and peripherals, networking items for LAN and WAN including wired and wireless switch, routers, modem, webcams, IP surveillance system, computer printers including multifunctional devices and electronic diaries” shall be substituted, with immediate effect. in column number 2 against serial number 24, for the existing expression. “Optical fibre cables and joining kits and joining materials thereof”, the expression “Optical fibre cables, networking cables of different types such as Flat Cables, CAT 3 cables, CAT 5 cables, CAT 6 cables, Unshielded Twisted Pair (UTP) cables, joining kits and joining materials thereof” shall be substituted, with immediate effect.
In column number 2 against serial number 26A for the existing expression “Automated Teller Machine (ATM)”, the expression “Automated Teller Machine (ATM), Cash Dispenser Machine (CDM) with or without deposit function or deposit machine” shall be substituted with immediate effect.
- There has been a proposal to come up with an IT center in Dholpur
- Usage of e-GRAS for e-payment will be focused more. All type of government revenue can be deposited online which will facilitate fast and hassle free refunds. e-GRAS is part of Integrated Financial Management System. This will facilitate collection of tax/non tax revenue in both the mode online as well as manual.
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