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Income for the Union government is from customs duty, excise tax, income tax etc., while state government income comes from sales tax (VAT), stamp duty etc.; now these have been subsumed under the various components of the Goods and Services Tax. The Sarkaria Commission was set up to review the balance of power between states' and the Union ...
Stamp duty laws can differ significantly between all eight jurisdictions. The rates of stamp duty also differ between the jurisdictions (typically up to 5.5%) as do the nature of instruments and transactions subject to duty. Some jurisdictions no longer require a physical document to attract what is now often referred to as "transaction duty".
The 16th Legislative Assembly of Karnataka was formed following the 2023 Assembly election for all 224 seats. [ 1 ] [ 2 ] [ 3 ] The election were held on 10 May 2023 and the results were declared on 13 May 2023.
Custom Duty: Duties of customs including export duties 84 Excise Duty : Duties of excise on the following goods manufactured or produced in India namely (a) Petroleum crude (b) high speed diesel (c) motor spirit (commonly known as petrol) (d) natural gas (e) aviation turbine fuel and (f) Tobacco and tobacco products
He increased taxes on liquor, beer, stamp duty and registration of properties, and certain vehicle categories to fund the above-mentioned schemes. [ 50 ] [ 51 ] In July 2024 his cabinet approved a bill to reserve 50% to 75% jobs to native Kannada speakers, and 100% reservation for Group C and D employees in private and IT sectors.
Karnataka was the first state in the country to enact the Panchayat Raj Act, incorporating all provisions of the 73rd Amendment to the Constitution. In 2014, Karnataka State Grama Panchayats Delimitation Committee was constituted by the government of Karnataka, with Chairman S G Nanjaiahna Mutt and 6 members.
Resigned amid allegations of the illegal transfer of money from the State-run Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited. [8] [9]
91. Rates of stamp duty in respect of bills of exchange, cheques, promissory notes, bills of lading, letters of credit, policies of insurance, transfer of shares, debentures, proxies and receipts. 92. Taxes on the sale or purchase of newspapers and on advertisements published therein. (omitted as per 101st Amendment Act) 92A.