Bengaluru, Mar 4 : Karnataka Chief Minister Basavaraj Bommai on Friday said that he is not willing to put extra burden of additional taxes on common man because the state economy in 2021-22 is on the road to recovery. “The economy in 2021-22 is on the road to recovery. In these circumstances, I am not willing to put an extra burden of additional taxes on the common man. Tax collection targets will be achieved by ensuring all the tax departments to perform better,” he said presenting his maiden budget in the state assembly here. Realising the difficulties caused by second and third wave of covid-19 pandemic in 2021-22, sales tax on petrol and diesel was reduced in November 2021, due to which fuel prices came down by Rs 7 per litre, Bommai said. Though petrol and diesel rates are less in Karnataka compared to other south Indian states, CM said he is not intending to increase these rates in 2022-23. Despite the two waves of covid-19 pandemic Karnataka has put in its efforts for more revenue collection in 2021-22, Bommai said. “Including GST compensation, the Commercial Tax Department was given a target of Rs.76,473 crore for 2021-22. A total of Rs 70,757 crore revenue has been collected upto to February 2022. We will be reaching the targets set in 2021-22,” he said. The revenue collection target for the Commercial Taxes Department for the year 2022-23 is fixed at Rs 77,010 crore, Bommai said. The revenue collection target for the Stamps and Registration Department for the year 2021-22 was fixed at Rs 12,655 crore and a revenue of Rs 12,105 crore is collected by end of February, he said. “The revenue collections will reach the budgetary target by the end of the financial year,” he said. Stamp duty will be exempted on loan agreements on all loans extended to street vendors across Karnataka under PM-SVANIDHI scheme which is likely to benefit 2 lakh street vendors availing loans under the scheme, Bommai said. The revenue collection target of Rs 15,000 crore has been given to the Stamps and Registration Department for 2022-23, he said. “The revenue collection target for the Excise Department for the year 2021-22 was fixed at Rs 24,580 crore and a revenue of Rs 23,726 crore is collected by end of February. The revenue collections will reach the budgetary target by the end of the financial year,” he added. A revenue collection target of Rs 29,000 crore has been set for Excise department for the financial year 2022-23, Bommai said. BDN SHK1859