budget of jammu & kashmir (j&k) 2012-13

7/31/2019 Budget Of Jammu & Kashmir (J&K) 2012-13

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5/15

Rs 130 crore for returnand rehabilitation ofkashmiri migrants.

Rs 8 crore set apart formigrants groupmediclaim insurance

Rs 90 Crore for Sher-e-kashmir employment &Welfare Programme forthe youth.

Welfare initiatives


6/15

Rs 21 crore for welfare of

SCs and OBCs.

Rehbar-e-Talim to getuniform remuneration of

Rs 3000/- per month.

Welfare initiatives


7/15

Rs 5 crore provision forbeti-anmol scheme.

Rs 10 crore forempowering skilled youngwomen.

Rs 16 Crore for training ofwomen in Handicafts andHandlooms trade

Child & Women Empowerment


8/15

Exemption from levy of VAT onall types of chemical fertilizers,bio-fertilizers and micronutrients.

Fungicides akso exempt fromlevy of VAT.

Insurance services coveringagriculture, horticulture cropsexempt from service tax.

Insurance services providingcover to cattle wealth, poultry,birds, fish, sheep, goat and dairyunits also exempt from servicetax.

Initiatives in agriculture sector


9/15

Rs 723 crore for expandingirrigation network in thestate

Investment of Rs 343 crore

in Agriculture Sector forimproving seedreplacement rate, farmmechanization, postharvest management and

marketing facilitation offruit, vegetables,commercial floriculture andsericulture produce.

Welfare initiatives


10/15

List of areas andlocations qualifying forincentives under tourism

package liberalized andexpanded.

Capital investmentsubsidy limit raised to Rs

100 lakh in case ofprestigious units investingRs 25 crore or more

Initiative for tourism sector


11/15

Atta, maida, suji, besan, rice,paddy outside VAT net for onemore year.

Tax concessions to individualunits extended for further oneyear.

Concessions and exemptionsenjoyed by tourism sector tocontinue for yet another year.

Besides exemption of waterusage charges for ten years,

independent power producersalso to enjoy exemptionof entrytaxon import of all powergeneration and transmissionequipment, building material.

TAX Concessions


12/15

Service tax exemption forprivate hospitals, nursing

homes, diagnosticcentres, pathologicalservices to human beingsand animals.

Initiative for tourism sector


13/15

Desktop, laptops, palmtops etc.exempt from VAT.

Computer peripherals like pendrives, CDc, memory cards,chips, headphones, electronic

diaries, computer cleaning kitsand other IT peripherals alsoexempt from VAT

Stationery items like adhesivesolutions, gum pastes, lappingcompounds, tapes, sealing wax,paper envelopes, pencils,highlighters, erasers,sharpeners, pencil boxes etcexempt form tax.

Consideration for youth & students


14/15

Vat on sales of cigarettesand related items furtherhiked to 30%

Sales tax on liquor, beer

etc. enhanced to 30% Security and placement

services, Pnadal andshamiana Services, annualmaintenance contracts

brought under service taxnet.

Five paisa per kilometerincrease in the rate of toll.

Consideration for youth & students


15/15

Thank You ForYour

Kind Attention

budget of jammu & kashmir (j&k) 2012-13

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