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Rising Kashmir > Blog > Top Stories > Don’t get misled about property taxes: LG 
Top Stories

Don’t get misled about property taxes: LG 

RK News
Last updated: March 2, 2023 1:39 am
RK News
Published: March 2, 2023
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Jammu, Mar 01: Lieutenant Governor Manoj Sinha said on Wednesday that his administration was open to suggestions from all segments of society with regard to better property tax arrangements, but he urged the people not to fall prey to the “certain vested interests” spreading false information and creating misconceptions about property tax. 
“Our doors are open. Everyone must come forward in making J&K a dynamic and developed region of the country,” said the LG, after inaugurating the GST symposium and Tax awareness initiative ‘Kar-Tavya’ for industries, traders association, DDOs and  other stakeholders, at the Convention Center here. 
The GST symposium is being organized by J&K State Taxes Department in collaboration with The Institute of Chartered Accountants of India.
 
Sharing the facts in detail regarding the imposition of property tax in the UT, the LG said, “the  property tax in Jammu and Kashmir is the lowest as compared to other states.  There are around 5,20,000 houses in cities of J&K. Out of these, 2,06,000 houses are less than 1000 sq ft and no tax is being imposed on them. No tax on 40% of the people living in cities, in rural and on religious places. 2,03,600 houses are less than 1500 sq ft and  80% of these households will have to pay less than Rs 600 per annum. This amount is one-tenth of the tax amount being paid in Shimla, Ambala and Dehradun.”
He said that 46,000 out of 1,01,000 shops in city areas are less than 100 sq ft and they will have to pay upto Rs 700 per annum. Out of these 46,000 shops, 80% will have to pay a meager Rs 600 per annum/ Rs 50 per month. 30,000 shops will have to pay taxes below Rs 2000 per annum and out of these, 20,000 will have to pay less than Rs 1500 which is also one-tenth of the amount being paid in Shimla, Ambala and Dehradun.
He assured that revenue will directly go to the accounts of municipalities and corporations. This step has been taken to make our cities an engine of growth.
Regarding anti encroachment drive, the LG assuredthatno poor will be touched during encroachment drives but no influential encroacher will be spared. The encroached land retrieved by the government will be utilized for the welfare of common man and schools, colleges, hospitals, sports facilities will be developed on the retrieved land.  
Meanwhile, highlighting  the transformation taking place in the industrial sector with the introduction of new Industrial development policy, he reiterated the government’s commitment to developing more land for industries.
“We are following the  Prime Minister’s mantra of Transform, Reform & Perform to build a prosperous &Atmanirbhar J&K. It is the collective responsibility of citizens and business enterprises to unlock potential and drive J&K’s economic growth,” said the Lt Governor.
    “Every facility will be extended to 18 industrial estates in the future. I want more people from J&K to set up industries and avail benefit of industrial development scheme”, he said.     He said the outreach was to help and guide the stakeholders and taxpayers to build synergy and to achieve the prime objective to set J&K on a high growth trajectory.
     “Our long-term economic development policies are aimed at reducing inequalities for the welfare of society. Robust growth in business sectors will benefit society as a whole,” Sinha said.
     He said it was imperative to ensure that economic growth through stabilization of the tax revenues is ensured at all levels.
     “At the same time it should also be ensured that habit gets inculcated in every business enterprise and consumers pay taxes with pride. We must achieve the target of 100 percent GST tax coverage,” he said.
     The Lt Governor shared the vision of the UT Government for accelerating growth in various sectors. “We are working with an integrated approach for development of all sectors.”
“GST realized the dream of One Nation, One Tax and guaranteed revenue flow to the states. I express my heartfelt gratitude to the business community and citizens of Jammu Kashmir for their cooperation & invaluable contribution in the development of J&K,” the Lt Governor said.
He said that the reason for buoyancy in the revenue is due to several measures taken by the State Taxes Department like establishment of GST Facilitation Centers (GST Suvidha Kendras), District Level Awareness Programmes for the Stakeholders across the UT of J&K, Co-ordination Meetings between Central GST and UT GST authorities etc. The State Taxes Department has adopted a promotional approach rather than a regulatory one and is continuously focusing on capacity building.  
The Lt Governor reiterated the government’s commitment to develop more land for industries. Every facility will be extended to 18 industrial estates in the future. “I want more people from J&K to set up industries and avail benefit of industrial development scheme,” he added. 
Responding to the demand of The Institute of Chartered Accountants of India for land for centre of excellence, the Lt Governor announced that the land will be allotted for the said purpose. 
More than 30000 vacant government posts have been filled in the last three years. And wherever any wrong was found, CBI inquiry has been initiated. The recruitment for another 20,000 posts in administration will be advertised in 3-4 months, the Lt Governor informed.
“We want to saturate self employment in J&K. Youth were identified from every panchayat and town of the UT, and in a single day, 75000 youth were provided more than Rs 939 cr financial assistance. More than 6 lakh women have been connected with NRLM,” he noted.
The Lt Governor also invited suggestions from all sections of the society with regard to better arrangement in property tax. 
On the occasion, the Lt Governor unveiled Kar-Tavya periodical and Kar-Tavya booklet and also handed over Letter of Appreciation to organisations and top tax payers of the UT.
Dr Arun Kumar Mehta, Chief Secretary; Dr Rashmi Singh, Commissioner Sales Taxes; Sh Ranjit Kumar Agarwal, National VP, Institute of Chartered Accountants India (ICAI) and other senior officers and various stakeholders were present on the occasion.
 
 
 
 
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