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The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes.
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India . 1 July is celebrated as GST Day. [ 4 ]
The state has the third highest number of MSMEs in India. As of 2016 [update] , there are 49.48 lakh MSMEs in the state, 7.8% of the country's total. [ 2 ] More than 51% of these industries are located in rural areas. [ 2 ]
Tamil Nadu Power Finance and Infrastructure Development Corporation Limited (POWERFIN) 1991: Chennai: Energy: Electricity Finance: State Govt. Body: NBFC: www.tnpowerfinance.com: 4: Tamil Nadu Urban Finance and Infrastructure Development Corporation Limited (TUFIDCO) 1990: Chennai: Municipal Administration and Water Supply: Urban Infrastructure ...
The Indian Revenue Service (Customs & Central Excise) (IAST: Bhāratīya Rājasva Sevā), often abbreviated to IRS (Customs & Central Excise) or IRS (Customs & Indirect Taxes), now called IRS(C&IT) is a part of central civil service of the Government of India.
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
This article needs additional citations for verification. ... Astromar Free Zone: Chennai, Tamilnadu: MEPZ Special Economic Zone ... Tamil Nadu Tamil Nadu Apparel and ...
Grand Southern Trunk Road or National Highway 45 is an arterial road in the Indian state of Tamil Nadu. It is also known as Chennai–Perambalur-Trichy-Dindigul-Theni Highway. [ 1 ] The road starts from Kathipara Junction in St Thomas Mount , Chennai towards Perambalur , Trichy , Dindigul and Theni .