Indian Made Foreign Liquor
- Rationalisation
of
excise duties on Indian Made Foreign Liquor merging
sales tax, cess and
other levies—tax on IMFL having price up to Rs.400 will
be fixed at 200 percent and for
prices above rupees four hundred will be fixed at 210
per cent.
- The tax
rate of
beer will be fixed at 100 percent.
State Beverages Corporation to commence
trading in Foreign Made
Foreign Liquor
- Tax rate
of FMFL
is fixed at 78 percent and that of Foreign Made Wine at
25 per cent.
- Further,
a special fee of Rs.87.70 per proof
litre will be levied according to the Abkari Act on
FMFL.
- A special
fee of
Rs.1.25 per bulk litre will be
levied on Foreign Made Wine.
Amnesty for luxury vehicles registered in
Puducherry
- Amnesty
scheme will be introduced for collection of tax on
luxury cars and vehicles
registered in Puducherry under bogus addresses by owners
in Kerala, with
exemption from legal proceedings.
- If a
vehicle
registered in another State is being used in Kerala for
more than one month to
one year, tax at a rate equal to 1/15th
of
the
onetime tax levied from similar vehicles registered in
Kerala, will be
levied for one year.
Services:
Fee hike
- All fees and
charges on services
will be increased by 5 percent
Electric
Autorishaws:
tax reduced
- Annual
tax of
Rs.500/- on Electric Autorickshaws and LPG / CNG
Auto-rickshaws is reduced to
Rs.450/-. Such vehicles which are newly registered will
have to pay tax of
Rs.2000 for five years.
- A 35 per
cent
hike is proposed in the quarterly tax rate of Tipper
Lorries having RLW
(Registered Laden Weight) more than 20 tonnes.
Registration
and
Stamp Duty goes up
- Comprehensive
scheme
to dispose off all under valuation cases regarding stamp
duty is proposed.
- Gift,
partition,
settlement and release deeds to attract minimum stamp
duty of Rs.1000 or 0.25% of
sale value, whichever is higher against Rs. 1000 for all
cases.
- Court
fee at the
rate of 2% will be levied on the arbitration amount in
arbitration proceedings
under Chitty Act.
- The
fee for
obtaining certified copy of documents from Sub Registrar
Offices will be
increased to Rs.5 per page in case of documents of more
than 10 pages. For
documents of 10 pages or below, the existing rate will
continue.
- Stamp
duty of
agreements executed for public works or service level
agreements will be levied
at 0.1 percent of the total contract value subject to a
maximum of Rs.1 lakh.
- Contracts
for
advertising and for conferring rights of telecast or
broadcasting with an
intention to make profit will be levied stamp duty at
the rate of Rs.500.
- Existing fair value of land will be
increased by 10 per cent, leading
to
higher stamp duty and charges for registrations.
- Stamp
duty on
Power of Attorney for transfer of immovable property
between family members
will be increased from Rs.300 to Rs.600.
- Documents
relating
to surrender of leases before the lease period will be
levied a stamp
duty of Rs.1000.
Land
Tax hiked
- The
enhanced rates as per Kerala Land Revenue Ordinance,
2014 will be restored.
Accordingly, the levy will be as follows:
In Panchayat areas:
Up to 8 Are -- Rs. 1 per Are
Up to 2 Hectare -- Rs. 2 per Are
Above 2 Hectares -- Rs. 400 plus Rs 5 per Are for land in excess of two hectares.
In Town Panchayats and Municipal Council areas:
Up to 3 Are -– Rs. 2 per Are
Up to 2 Hectare -- Rs. 4 Per Are
Above 2 Hectares -- Rs. 800 plus Rs. 10 per Are for land in excess of two hectares.
In Municipal Corporation areas:
Up to 2 Are -- Rs. 4 per Are
Up to 2 Hectares -- Rs. 8 per Are
Above 2 Hectare -- Rs. 600 plus Rs. 20 per Are for land in excess of two Hectares.
