The Rajasthan Finance Act, 2025

This Act may be called the Rajasthan Finance Act, 2025.

In pursuance of section 3 of the Rajasthan Provisional Collection of Taxes Act, 1958 (Act No. 23 of 1958) it is hereby declared that it is expedient in the public interest that provisions of clauses 3, 4, 5 and 6 of this Bill shall have immediate effect under the said Act.

In the Schedule to the Rajasthan Stamp Act, 1998 (Act No. 14 of 1999),- (i) in Article 33, for the existing expression "The same duty as on a conveyance (No. 21) on the market value of the property", appearing under Column No. 2 against clause (vii) of the said Article under Column No. 1, the expression "Six percent on the market value of the property" shall be substituted; (ii) for the existing sub-clause (i) of clause (6) of Article 44 under Column No. 1, the following shall be substituted, namely:- "(i) the father, mother, brother, sister, wife, husband, son, daughter, daughter-in-law, son's son, son's daughter, daughter's son or daughter's daughter of the executant;"; (iii) in Article 50, for the existing expression "Subject to a minimum of rupees one thousand, half (0.5) percent of the amount secured.", appearing under Column No. 2, the expression "Subject to a minimum of rupees one thousand, half (0.5) percent of the amount secured and/or of the market value of the property mortgaged, as the case may be." shall be substituted.

For the existing clause (f) of the first proviso to the section 6 of the Rajasthan Fiscal Responsibility and Budget Management Act, 2005 (Act No. 7 of 2005), the following shall be substituted, namely:- "(f) due to additional borrowing of 0.50 per cent of Gross State Domestic Product, allowed by Central Government based on performance criteria in the power sector and/or for any other specific purpose:".

In sub-section (1) of section 17 of the Rajasthan Motor Vehicles Taxation Act, 1951 (Act No. 11 of 1951), hereinafter in this Chapter referred to as the principal Act, for the existing expression “and any officer of the State Directorate of Revenue Intelligence not below the rank of Revenue Intelligence Officer”, the expression “, Motor Vehicle Sub-Inspector and Motor Vehicle Inspector of Transport Department posted at Directorate of Revenue Intelligence and Economic Offences and any officer of the Directorate of Revenue Intelligence and Economic Offences not below the rank of Deputy Director and Revenue Intelligence Officer” shall be substituted.

In section 18 of the principal Act, for the existing expression “and any officer of the State Directorate of Revenue Intelligence not below the rank of Revenue Intelligence Officer”, the expression ", Motor Vehicle Sub-Inspector and Motor Vehicle Inspector of Transport Department posted at Directorate of Revenue Intelligence and Economic Offences and any officer of the Directorate of Revenue Intelligence and Economic Offences not below the rank of Deputy Director and Revenue Intelligence Officer” shall be substituted.

(1) Upon enactment, the Rajasthan Value Added Tax Act, 2025 shall be deemed to be an independent Act and shall be assigned a separate Act Number by the State Government in accordance with legislative procedures. The repeal or amendment of this Finance Act shall not affect the continued operation of the Rajasthan Value Added Tax Act, 2025, as a separate law. (2) Clauses 8 to 58 of the Bill, shall be renumbered as sections 1 to 51 respectively at the time of publication of Rajasthan Value Added Tax Act, 2025 as a separate Act. All references appearing within these clauses to a section or sub-section, clauses or sub-clauses, shall be read and construed accordingly.