Quantum leap in Kerala's revenue through sales tax on gold
Kerala has earned a revenue of Rs 97.90 through sales tax on gold in 2006-07 fiscal against Rs 21.21 crore collected in the previous year
By PTI |
THIRUVANANTHAPURAM: Kerala has earned a revenue of Rs 97.90 through sales tax on gold in 2006-07 fiscal against Rs 21.21 crore collected in the previous year, state Finance Minister T M Thomas Isaac said.
The total collection of Value Added Tax on various goods in 2006-07 stood at Rs 4,492.11 crore as compared to Rs 2,946.11 crore the previous year, Isaac said in a written reply to the state Assembly today.
The government would be able to enhance its contribution to social welfare scheme on account of the increase in tax revenue, he added.
The total collection of Value Added Tax on various goods in 2006-07 stood at Rs 4,492.11 crore as compared to Rs 2,946.11 crore the previous year, Isaac said in a written reply to the state Assembly today.
The government would be able to enhance its contribution to social welfare scheme on account of the increase in tax revenue, he added.
ADVERTISEMENT
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
