Rajasthan govt urges Centre to pull back MAT on SEZ

Rajasthan government has requested the Centre to withdraw minimum alternate tax and dividend distribution tax levied on Special Economic Zone (SEZ), to attract investors.

Replying to a question related with Jaipur's Mahindra World City SEZ during the Question Hour, Industry Minister Gajendra Singh said the taxes announced in 2012 Union Budget were levied by the central government which resulted in decline in investment.

He said several private SEZ developments withdrew from setting up SEZ and many of them got their projects denotified.

Therefore, he said, the state government has requested the centre to withdraw these taxes.

The minister said Mahindra Lifespace Developers Ltd, which signed an MoU with Rajasthan State Industrial Development and Investment Corporation to set up the SEZ in July 2005 has developed facilities like food court, gym and entertainment area. Post office and a police station has also been set up.

The company has not committed any violation in process of setting up the SEZ and the project is in the phase of development.

Later in the day, speaking on demand for grants for public works department, Congress MLA Sukhram said that the ruling party's MLA Ghanshyam Tiwari tabled his speech on budget because he has no freedom to speak.

This created uproar and government chief whip Kalulal Gurjar said that Tiwari had himself got his speech tabled because he wanted to provide opportunity to others members to speak.


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel