Shillong: The Meghalaya Cabinet on Monday approved the amendment to the Meghalaya Professions, Trades, Callings and Employment Tax Act, which will make registration mandatory for all.
“Anyone with an income of less than Rs 1.8 lakhs will not have to pay the tax that earlier applied to individuals with incomes below Rs 50,000,” Chief Minister Conrad Sangma said.
“The 12 gross income slabs are now reduced to 4. Rs 1.8-Rs 3 Lakhs slab will be Rs. 500, Rs 3-5 Lakhs slab will be Rs 1000, Rs 5-Rs. 7.5 Lakhs will be Rs. 1500 and above Rs. 7.5 Lakhs will be Rs. 2500,” he said.
“For decriminalization of minor offences (for not paying of taxes) which previously led to the imprisonment of up to 3 years, the cabinet has decided to do away with the provision of imprisonment by adding a penalty of payment of four times the amount due,” Sangma, who also holds the Finance portfolio, informed.
The cabinet also approved the National Law University Ordinance, 2022, which will go to the assembly for final approval.
“We will work from a temporary campus for the initial time and will move to a permanent campus,” the Chief Minister said, adding that 60 students would be taken in annually.
Sangma also informed that the Cabinet has also approved the Sanctioned Post for Model Degree College of Rongjeng, East Garo Hills District.
