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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.
Goods and Services Tax (India) Revenue Statistics. From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 ...
e. 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, entertainment tax and stamp duty. [2]
TASMAC is wholly owned by the government of Tamil Nadu, coming under the purview of the Ministry of Prohibition and Excise. Its headquarters is situated at the CMDA towers in Egmore, Chennai. It is governed by a board whose members belong to the Indian Administrative Service (IAS).
Objective. The commercial taxes department is responsible for implementing the commercial taxation policy of the government and ensure collection of taxes. The registration department is responsible for the management and administration of property and related registration services. [1]
The Tamil Nadu Council of Ministers is the executive wing of the Government of Tamil Nadu and is headed by the State's Chief Minister M. K. Stalin, who is the head of government and leader of the state cabinet. The current state council of ministers were sworn in on 7 May 2021, following the 2021 Tamil Nadu Legislative Assembly election. [1]
The Government of Tamil Nadu is the administrative body responsible for the governance of the Indian state of Tamil Nadu. Chennai is the capital of the state and houses the state executive, legislature and head of judiciary. Under the Constitution of India, de jure executive authority lies with the governor, although this authority is exercised ...
Expenses. ₹3.33 lakh crore (US$42 billion) (2022–23 est.) [3] Tamil Nadu has the second largest state economy in India. [16] The state also hosts the highest number of factories in the country. [17] [18] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted ...