VAT

Centre clears GST compensation dues to states, Kerala gets Rs 5,963 crore

June 01, 2022

Centre clears GST compensation dues to states, Kerala gets Rs 5,963 crore

States are being compensated for the revenue shortfall resulting from subsuming their taxes such as VAT in the uniform national tax GST.

August 02, 2020
GST tax evasion: Offenders forge bills, receipts using names of low-income people

A hapless victim, a woman from Erumapatti in Wadakkancherry in Kerala, recently filed a police complaint saying her name was being used to create a GST registration.
June 22, 2020
Petrol price crosses Rs 81 mark in Kerala, diesel at new high for 16th consecutive day

In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.
October 30, 2019
Traders can breathe easy as VAT notices to be recalled

As there was no option to specifically enter the details on export, tax exemption deals, and interstate business, the software gave misleading figures.
October 29, 2019
Dawn-to-dusk shutdown by traders in Kerala total

The traders demanded withdrawal of the penalties for dues from year 2011, amounting to lakhs of rupees to each trader.
June 07, 2019
India lost over Rs 90,000 crore to trade misinvoicing, says GFI report

In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year.