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The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states ( Gujarat , Tamil Nadu , Rajasthan , Madhya Pradesh , Chhattisgarh , Jharkhand , Uttarakhand and Uttar Pradesh ) opted to stay out of VAT taxation system during the initial introduction of VAT but adopted it later.
The economy of Kerala is the 11th largest in India, with an annual gross state product ... The tax growth rate, which was 23.24% in 2010–11, fell to 10.68% in 2015 ...
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
The Department of Finance also controls Kerala Financial Corporation, an important agency in leading finance and credit for industrial and agricultural projects for private and public. The Finance Department controls the major functions like Stores & Purchase, Commercial Taxes, Agricultural Income Tax, Treasuries, Lotteries, Local Fund Audit ...
Historically, before India acquired independence, British government imposed heavy taxes on the events of amusements and entertainment, where a large gathering of Indians could have caused rebellion or mutiny. Thus, various entertainment tax acts of the state governments permit the rate of tax beyond [clarification needed] 100%. After ...
The state government's tax revenues (excluding the shares from Union tax pool) amounted to ₹ 674 billion (US$7.8 billion) in 2020–21; up from ₹ 557 billion (US$6.4 billion) in 2019–20. Its non-tax revenues (excluding the shares from Union tax pool) of the Government of Kerala reached ₹ 146 billion (US$1.7 billion) in 2020–2021. [226]
The Department of Revenue and Land Survey is a government department under Government of Kerala that manages all government owned lands and decides land use policies in the Indian state of Kerala. The department is also a government agency, deriving various taxes on land, as well as lease amounts from various government lands, which are ...