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50% exemption on stamp duty to boost tourism sector in Rajasthan

Department of finance has issued the order for the same saying that the stamp duty chargeable on purchase or lease of multi-storied commercial building for setting up these units will get relaxation of 50% stamp duty

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If you have been planning to set up a tourism enterprise or enterprise for providing entertainment, then this is the time to take the plunge as the state government has decided to give exemption of 50 per cent on stamp duty.

Department of finance has issued the order for the same saying that the stamp duty chargeable on purchase or lease of multi-storied commercial building for setting up these units will get relaxation of 50% stamp duty.

The benefit has also been given to entrepreneurs who are interested to set up enterprise in information technology. The entrepreneurs can get this relaxation of paying  50% of stamp duty at the time they submit entitlement certificate issued  to them by the screening committee  under the Rajasthan Investment Promotion Scheme of 2014.

Few days back government had included establishment of tourism units in larger public interest category for land use conversion.

This decision has been taken in accordance to recommendations made by the tourism department for promoting new investment in the sector. 

The urban development department too have decided in the favour and has asked urban bodies to facilitate such conversion applications.

The idea of the government is to promote tourism sector in the state which is one of the largest industry in the state and lakhs of people are directly and indirectly involved in this sector.

In 2017, 475.27 lakh tourists came to Rajasthan which was a jump of 10.50%  from the previous year.  To host and cater to the increasing number of tourists, there is a need for creation of more infrastructure in tourism sector and more enterprises for providing entertainment.

The department of tourism is trying to increase the number of tourists coming in the state and this relaxation in stamp duty will give financial respite to many people desirous of opening enterprise in this sector and entertainment sector in the state which will add to the revenue of the state.

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