Meghalaya cabinet regularizes payment of 100 percent stamp duties by tribal mining lease holders

Meghalaya cabinet regularizes payment of 100 percent stamp duties by tribal mining lease holders

Shillong, Feb 17: The Meghalaya cabinet on Wednesday approved the Rs. 2 rebate per litre on prices of petrol and diesel as well as the reduction of Value Added Tax on fuel.

Chief Minister, Conrad Sangma informed that the cabinet regularized to reduce the prices of petrol and diesel as well as reduction in VAT.

The Chief Minister also informed that the Cabinet also regularized the payment of 100 percent stamp duties by tribal mining lease holders, as per the order of the Court.

Informing media persons after the Cabinet meeting, Sangma said that the court order basically required the tribal mining lease holders to pay 100 percent for the stamp duties, against 50 percent which was initially thought.

He said that earlier the tribal miners interpreted that the mining lease falls under the instrument of conveyance and so the ST and SC need to pay only 50 percent of the stamp duty.

“But that is not the case and the court has given order that the mining lease stamp duty is not an instrument of conveyance and hence mining lease holders will have to pay 100 percent on the stamp duty,” Sangma said.

The Chief Minister also informed that the mining lease holders are being asked to immediately pay the rest of the 50 percent.

“We are allowing them to pay half of it immediately and the rest of the half within March 31, 2021,” Sangma added.

The Chief Minister also informed that the Cabinet has approved the amendment of the Meghalaya Fiscal Responsibility and Budget Management (FRMB) Act, 2006.

Sangma said that due to Covid financial situation the centre had allowed states to borrow an additional 2 percent.

“Accordingly, the FRBM Act needed to be amended and an ordinance was passed to amend the Act to allow the state government to take 5 percent of the overall GDP as debt which initially was at 3 percent,” the Chief Minister added.

Meanwhile, the Cabinet also approved the appointment of 45 Junior Engineers under 3(f) in the PHE department.

Sangma said that this has been done due to the urgency to have additional manpower to fulfill the target of the Jal Jeevan Mission.