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Value-added tax (VAT) was introduced into the Indian taxation system from 1 April 2005. The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT ...
The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore (US$131.98 billion) in 2020–2021. [2] Per-capita GSP of Kerala during the same period is ₹257,711 (US$3,100), the sixth largest in India. [1] In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared ...
Goods and Services Tax (India) The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
The Grand Kerala Shopping Festival (GKSF) was started in 2007, covering more than 3000 outlets across the nine cities of Kerala with huge tax discounts, VAT refunds and huge array of prizes. [259] Lulu International Mall at Thiruvananthapuram is the largest shopping mall in India. [260]
States and unionterritories of Indiaordered by. In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax ...
The State of Kerala consist of 14 districts, 27 revenue divisions, and 78 taluks. A revenue division is positioned below the district and encompasses several taluks within its administrative purview. Each revenue division is headed by a Revenue Divisional Officer or a Sub Collector, who is also the Sub-divisional magistrate and assisted by ...
The Government of Kerala (abbreviated as GoK), also known as the Kerala Government, is the administrative body responsible for governing Indian state of Kerala. The government is led by a chief minister, who selects all the other ministers. The chief minister and their most senior ministers belong to the supreme decision-making committee, known ...
The Kerala State Civil Supplies Corporation better Known as Supplyco is the gateway for the 30 million people of the State of Kerala, assuring the much needed food security in a substantive style by supplying life's essentials and reaching out to the rural-poor and the urban-rich alike. It was incorporated in 1974 as a fully owned government ...