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About GIDC |
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(1) Procedure for declaration of
Notified Areas:
For better development of the area for
Industrial purpose and to save the
industries from multiple taxation and
authorities, Government is declaring the
industrial areas of GIDC and others, as
'Notified Area' under section 16 of the
GID Act, 1962 which are fulfil the
following norms:
The area should be compact.
The area should be self-sufficient for
maintenance of it'
There should be population of 500 people.
On declaration of the area as 'Notified
Area' provision of some sections of
Gujarat Municipalities Act, 1963 are
being extended for administration. The
Government or GIDC is not giving any
grant to such authorities. Notified Area
Authority is collecting the Consolidated
Tax for maintenance of infrastructure
services.
Sr.
No. |
Name of Area
(District) |
Sr.
No. |
Name of Area
(District) |
|
I |
ANAND |
V |
SURAT |
|
1 |
V U Nagar
(Inclusive of Expansion Area) |
14 |
Sachin |
|
2 |
Vasna (Borsad) |
15 |
Hajira |
|
II |
VADODARA |
VI |
VALSAD |
|
3 |
Nandesari |
16 |
Valsad
|
|
4 |
Petrochemical
Complex |
17 |
Vapi |
|
5 |
GSFC |
18 |
Sarigam |
|
6 |
Vaghodia |
19 |
Umergam |
|
7 |
Por - R'gamdl |
VII |
GANDHINAGAR |
|
III |
GODHRA |
20 |
Kalol |
|
8 |
Kalol (Panchmahal) |
21 |
Chhatral |
|
IV |
BHARUCH |
VIII |
JAMNAGAR |
|
10 |
Ankleshwar
(Inclusive of Expansion Area) |
22 |
GSFC
(Motikhavdi – Sikka) |
|
11 |
Valia (Naldhari) |
IX |
BHAVNAGAR |
|
12 |
Valia –
Jhagadia
(GNFC Scooter project Area) |
23 |
Alang – Sosiya
(Area of Guj. Maritime Board) |
|
13 |
Panoli |
|
|
|
(2) TAX RULES:
The Government has revised the Tax Rules
and Tax structure with effect from 31 –
08 – 2005. Accordingly, for calculation
of Capital Value of the land and
Building is to be calculated considering
the following:
‘Market Value of Building’ means the
prevailing cost of construction of
Building per unit area as may be
notified by the Corporation year to year
based on the standard specifications
adopted in the construction of building.
Provided that the market value shall be
increased or decreased up to 10% by the
Notified Area Officer in cases where
higher or lower specifications than the
standard specifications of the
Corporation are used in respect of
construction of private buildings.
‘Market Value of Land’ means the
allotment price of Land as may be
prevailing on 1st April 1998 for
industrial, residential and commercial
purpose as declared by the Corporation.
It will however be (1) 50% of such price
in case of allottee occupying the
property from 1st April 1980 and (2) 75%
of such price in case of allottee
occupying the property from 1st April
1990.
Formula to Calculate Consolidated Tax:
-
Calculate Capital Value (i.e. for
land and Building only) considering
the above.
-
Less: Depreciation at the prescribed
rate in schedule – I
-
Calculate Gross Rateable Value (GRV)
@ 6% of (Capital Value -
Depreciation)
-
Deduct 10% of GRV as Statutory
Deduction (SD)
-
Calculate Net Rateable Value (NRV) =
GRV - 10% SD
-
Compute Consolidated Tax @ 12%,
12.5% or 13.5% of the NRV as
applicable below for all Notified
Areas except (1) Petrochemical
Complex (2) GSFC [Vadodara] (3)
Valia – Jhagadia [GNFC Scooter
Project] (4) Hajira (5) GSFC [Motikhavdi
– Sikka]. Whereas, for these areas
the rates of tax will be 6%, 6.25%
or 6.75% of the NRV as applicable
below:
Rates of Consolidated Tax for Industrial
and Commercial Properties |
|
Rate of Tax |
Limit |
|
@ 12%
or 6% |
Net rateable value not exceeding
Rs.16, 199/-
(for properties valued up to Rs.
3,00,000) |
|
@12.5%
or 6.25% |
Net rateable value between
Rs.16, 200/- to Rs. 27,000/-
(for properties valued above Rs.
3,00,000 and up to Rs.
5,00,000) |
|
@13.5% or 6.75% |
Net rateable value above Rs.27,
000/-
(for properties valued above Rs.
5,00,000). |
|
|
Further, the
rates of Tax for Residential properties and
properties belonging to schools, colleges,
social and charitable institutions yielding
any revenue or rent for all the Notified
Areas are as follows:
|
Rates of Consolidated Tax |
Limit |
|
5% of net rateable value. |
For properties up to 30 square
metres built up area |
|
7% of net rateable value |
For properties between 31 Square
Metres and 50 square metres
built up area |
|
8% of net rateable value |
For properties between 51 Square
Metres and 100 square metres
built up area |
|
10 % of net rateable value |
For properties above 100 square
metres built up area |
Schedule – I
|
Category |
Type of Building |
Rates of Depreciation |
|
A |
RCC structure + slab roof
(Expected life 90 years) |
Nil for 5 years, 1 % every year
thereafter |
|
B |
Pucca construction with AC sheet
Roof. (Expected life 75 years) |
Nil for 5 years, 2 % every year
thereafter |
|
C |
Semi Pucca construction of tin
roof. (Expected life 30 years) |
Nil for 3 years, 3 % every year
thereafter |
Further,
as per revised rules, following provision
for rising in quantum of tax has been made:
- The
quantum of tax shall be increased
between 5% and 10% every year on
non-compound basis, in consultation with
local Advisory Committee.
-
Ceiling on the increase in the incidence
of tax due to increase in capital value
is fixed by 40% of previous Block year.
Following properties are exempted from tax:
-
Buildings and land belonging to the
Central or State Government, Panchayat,
District school board and Municipal
school buildings, protected monuments
within the meaning of Ancient Monuments
Preservation Act, 1904 and not yielding
any revenue or rent. All buildings and
lands or portions thereof used or
occupied exclusively for public worship
or for schools, colleges, social and
charitable institutions not making any
profit.
- Any
occupier engaged in the manufacture of
goods and services shall be exempted
from the payment of tax as follows:-
(i) Total exemption for first year
beginning from the date of allotment.
(ii) 50% exemption for the second year.
(a) Any occupier, not being an allottee
of the Corporation shall not be entitled
to the exemption as stated above for the
first and second year in which the land
and building was put to use for
manufacturing of goods and services.
-
Properties belonging to Corporation
shall be exempted from the payment of
tax as follows:
i. Properties, which have not been
allotted or rented, shall be fully
exempted.
ii. The properties allotted and resumed
by the Corporation, shall be taxed on
the lines of closed units.
Remissions and Refund:
- Where
any building or land remain vacant and
has not been used through out the year
or part thereof, the remission or refund
of Three – Fourth of the amount of tax
shall be granted from the date of
intimation thereof.
(3)
Financial Assistance to affected villages:
-
Further, as per Government Resolution
dated 30th August 1993 and 29th January
1999, the 1/3rd portion of the recovered
consolidated tax at the above rates are
to be earmarked and diverted to the
concerned District Rural Development
Agency for the development works of the
affected villages whose lands have been
incorporated in the Notified Area. Under
the scheme of ‘Gokul Gram Yojna’ of the
State Government.
(4)
Administration of Notified Area:
- A
Proposal to give greater autonomy to the
present Advisory Committee by converting
it into a Statutory Committee (Board
of Management) is submitted the
Government.
- To
Facilitate constitution of the statutory
Committee (Board of Management),
the Government has amended Sec.16 of
GIDC Act 1962 and also made provision to
appoint the Director of Notified Areas
in the Corporation not below the rank of
General Manager, for the purpose of
uniformity and providing efficient
management in Notified Areas vide its
notification dated 01-05-2007 and
necessary notification for appoints the
said amendment with effect from
15-05-2007 has also been issued by the
Government on 11-05-2007. (Copy of
both the notifications attached
herewith)
- A rule
- book is also prepared and submitted to
Government. This shall come into effect
on approval of the Government.
Notification
-
Rules and Orders (Other than those
published in Part I, I-A and I-L) made
by the Government of Gujarat under the
Gujarat Acts.
-
Acts of the Gujarat Legislature and
Ordinances promulgated and Regulations
made by the Governor.
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