Karnataka chief minister S M Krishna presented a Rs 153.28-crore deficit budget for 2002-03 but sprang a nasty surprise by bringing back a 4 per cent tax on software.
Krishna, who also holds the finance portfolio, announced a series of measures to simplify the tax regime. He announced several sales tax rationalisation measures and abolition of entry and turnover tax.
While reviving the 4 per cent sales tax on software, which will yield Rs 12 crore, Krishna levied a