Rajasthan: CM announces reduction on marble, granite royalties from 30 to 10 percent
Jaipur: The royalty rates charged on Rajasthan’s marble, granite and limestone have been reduced from 30% to 10 %. Chief Minister Vasundhara Raje made this announcement to please the marble traders who had been complaining about the increase in royalty rates.
The officials of marble, granite and Kota stone associatios from various areas of the state had visited the CM to express their gratitude after the government decided to reduce the GST rates. During this visit, they also requested her to look into the royalty rates on marble. They also discussed the growing imports, increasing use of vitrified tiles in flooring and the costs prevalent in neighboring states.
After this discussion, the CM announced a reduction in the royalty rates of mineral marble (slabs, tiles and irregular size blocks), granite and limestone (Dimensional-Kota and Jhalawar). Under the leadership of urban development minister Shrichand Kripalani and higher education minister Kiran Maheshwari, mining companies were able to have a discussion with the CM regarding these matters.
Mining businessmen were appreciative of the efforts of CM as her intervention made sure that GST Council gives relief to the mining industry of the state by cutting the GST rate of marble and granite slabs and items made from it. Millions of businessmen, artisans, and workers of the state connected with this industry have received great relief from the decision to cut GST and royalty rates.