Gangtok: A new bill for providing funds towards restoration and repair of the
damage caused by the September 11, 2011 devastating earthquake was introduced in
the two-day session of the Sikkim Assembly on Wednesday.
Also introduced was the Sikkim Value Added Tax (Amendment) Bill. Both bills were introduced by Chief Minister Pawan Chamling who is also the Minister-in-Charge of Finance, Revenue and Expenditure Department.
The
Sikkim Earthquake Rehabilitation Management Fund Bill is to provide funds for
immediate relief, restoration and reconstruction.
A cess is proposed to be collected for the Sikkim Earthquake Rehabilitation and Management Fund, at such rate not exceeding two per cent, but not less then one per cent of the cost of contract work.
Similarly, the government deemed it
necessary to amend the Sikkim Value Added Tax, 2005 to increase VAT on sale of
tobacco and its products including cigarettes and chewing tobacco, other then
beedis and raw tobacco leaves.
Also introduced was the Sikkim Value Added Tax (Amendment) Bill. Both bills were introduced by Chief Minister Pawan Chamling who is also the Minister-in-Charge of Finance, Revenue and Expenditure Department.
A cess is proposed to be collected for the Sikkim Earthquake Rehabilitation and Management Fund, at such rate not exceeding two per cent, but not less then one per cent of the cost of contract work.
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