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The Kerala Finance Bill, 2026, introduces schemes to settle pre-GST arrears and Flood Cess, waiving interest and penalties for certain amounts, and allowing settlement until March 31, 2027.
Opposition from influential Muslim organisations to proposed tax reductions on low-alcohol beverages is pressuring the government, with groups arguing it contradicts anti-substance abuse efforts and potentially benefits liquor companies.
The new tax rates proposed in his Budget for low-alcohol liquor brands would become operational only after the UDF gave its nod.
The CAG has disputed Kerala's claim that KIIFB borrowings are contingent liabilities, stating they are effectively state debt as they're repaid from the Consolidated Fund, necessitating their inclusion in budgets and deficit calculations.
Kerala's revenue rose by ₹5,629 crore in April-May, primarily due to market revival, not policy. This offers optimism for the new government, despite fiscal challenges and expected central tax grant losses.
Kerala will divert motor vehicle taxes and fuel cess from KIIFB to the treasury, aiming to ease the state's financial crisis and increase revenue.
New income tax law and significant tax changes take effect from April 1, simplifying tax filing and introducing a new tax year system.
Beginning April 1, 2026, India and Kerala will see substantial regulatory and financial shifts, including the implementation of the Income Tax Act, 2025, which replaces the old act.
EMI funded home ownership proves significantly more beneficial than often portrayed by financial influencers.
Delayed construction cess notices are causing financial distress for homeowners who built houses decades ago.
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