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Assam gets its first e-budget with no fresh tax

Assam gets its first e-budget with no fresh tax
Guwahati: Assam Finance Minister Himanta Biswa Sarma on Monday presented the state's first e-budget with a deficit of Rs 2149.04 crore in the Assembly here proposing no fresh taxes.
After Andhra Pradesh, Assam has become the second state to have an e-budget, but unlike the other state, Assam budget is available in Google Play Store so that anybody can access it, Sarma said.
The budget proposed a levy of electricity duty at 5 per cent on ad-valorem basis and one per cent increase on stamp duty registration fee for transactions in immovable properties.
"The estimated transactions during the year will result in an estimated surplus of Rs 999.99 crore. This, together with
the opening deficit of Rs 3149.04 crore will lead to a budget deficit of Rs 2149.04 crore at the end of the year 2018-2019", said Sarma in
the BJP-led Sarbananda Sonowal Government's third budget.
The budget estimates of 2018-19 show a receipt of Rs 90673.42 crore under the Consolidated Fund and Out of this, Rs 74118.50 crore is on Revenue Account and the remaining Rs 16554.92 crore is under Capital Account.
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