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Wednesday, Jul 16, 2025
The luxury tax and one-time tax are imposed on buildings based on their floor area.
On the industry demand for bringing petroleum products under GST net, he said since fuel constitutes a larger part of their revenues, both the Centre and states have some apprehension.
The decision to set a ceiling for increasing the tax for buildings in certain categories was withdrawn.
The luxury tax increase is mooted for the houses within 1 km along both sides of the Metro line from Aluva through SN junction, Thripunithura.
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