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Local bodies are charging a property tax of Rs 3 to Rs 8 for houses in panchayat limits, Rs 6 to Rs 15 in municipalities, and Rs 8 to Rs 20 in corporation limits. Each local body could fix the amount within the approved range.
The decision to set a ceiling for increasing the tax for buildings in certain categories was withdrawn.
The Finance Department has decided to give sanction for reconstituting the GST Department. The State Cabinet will soon ratify this move.
A five-percent increase in water supply charges effective from April 1 covers domestic, commercial and industrial consumers.
The green tax on second-hand vehicles will be increased by 50% while the tax for motorcycles that cost up to Rs 2 lakh will go up by 1%.
With the introduction of the new tax regulations, more than 1 million companies operating in the UAE needs to keep the accounts and file for tax returns. This, in turn, is likely to open up an incredible scope for employment opportunities in the field of accounting.
The Rs 150 crore collected as medical cess from liquor buyers should be provided for development activities and to clear dues, demanded the Kerala Medical Services Corporation.
After a meeting with all chief ministers and state finance ministers, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded.
This is clearly tax terrorism. The state government has earned additional revenue by way of the frequent increases in fuel prices by the Centre, the Opposition Leader said.
The government will waive the entertainment tax on theatres from April 1 to December 31 this financial year.