Kerala Taxes

The Centre needs to revisit the 'income distance' criterion, which gets a heavy weightage in the computation of tax devolution. Southern states, in turn, need to address their own pain points. It's give some, take some.

The Kerala government on Saturday raised an objection to a deduction of around Rs 332 crore from the settlement of Integrated Goods and Services Tax (IGST) for November 2023 to the state.

The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.

The Congress on Tuesday hit out at the Yogi Adityanath government in Uttar Pradesh over its announcement that "The Kerala Story" will be tax-free in the state and accused the BJP of doing this for "cheap political gains".

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today announced to give tax-free status to controversial movie 'The Kerala Story' in the state.

Leader of Opposition in the Kerala Assembly VD Satheesan on Tuesday criticised the Left government's decision to levy cess on fuel.

"What is the need for reducing the tax? The argument is that the country is witnessing the phenomenon of price rise, so the tax should be reduced. Those who are starving need not go to watch the match," the Minister had earlier said.

The Madras High Court on Tuesday provided temporary relief to actor Vijay, by staying the orders of the Income Tax department and imposing a penalty of Rs 1.5 crore on him for not voluntarily disclosing Rs 15 crore in his Income Tax returns 2016-2017

Amid growing protest over the imposition of Goods and Services Tax (GST) on essential commodities, Kerala government on Tuesday said it does not intend to tax items sold by entities like Kudumbashree, or small stores in 1 or 2 kg packets.

Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.

The Kerala government on Saturday announced a cut in tax on the prices of petrol and diesel by Rs 2.41 and Rs 1.36 per litre respectively, following reduction of fuel price by the Centre.

The Income Tax Department has detected unaccounted income of Rs 200 crore after it recently raided two Kerala-based quarry operators, the Central Board of Direct Taxes said on Monday.

Kerala Assembly on Tuesday witnessed intense war of words between CPI(M)-led ruling front and Congress-headed opposition over frequent fuel price hike in the country and the latter walked out of House terming it as "state-sponsored tax terrorism."

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

Finance Minister Nirmala Sitharaman on Friday stated that the Goods and Services Tax (GST) Council discussed the topic of inclusion of petrol and diesel under the tax structure after the Kerala High Court order.

The Centre needs to revisit the 'income distance' criterion, which gets a heavy weightage in the computation of tax devolution. Southern states, in turn, need to address their own pain points. It's give some, take some.

The Kerala government on Saturday raised an objection to a deduction of around Rs 332 crore from the settlement of Integrated Goods and Services Tax (IGST) for November 2023 to the state.

The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.

The Congress on Tuesday hit out at the Yogi Adityanath government in Uttar Pradesh over its announcement that "The Kerala Story" will be tax-free in the state and accused the BJP of doing this for "cheap political gains".

Madhya Pradesh Chief Minister Shivraj Singh Chouhan today announced to give tax-free status to controversial movie 'The Kerala Story' in the state.

Leader of Opposition in the Kerala Assembly VD Satheesan on Tuesday criticised the Left government's decision to levy cess on fuel.

"What is the need for reducing the tax? The argument is that the country is witnessing the phenomenon of price rise, so the tax should be reduced. Those who are starving need not go to watch the match," the Minister had earlier said.

The Madras High Court on Tuesday provided temporary relief to actor Vijay, by staying the orders of the Income Tax department and imposing a penalty of Rs 1.5 crore on him for not voluntarily disclosing Rs 15 crore in his Income Tax returns 2016-2017

Amid growing protest over the imposition of Goods and Services Tax (GST) on essential commodities, Kerala government on Tuesday said it does not intend to tax items sold by entities like Kudumbashree, or small stores in 1 or 2 kg packets.

Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.

The Kerala government on Saturday announced a cut in tax on the prices of petrol and diesel by Rs 2.41 and Rs 1.36 per litre respectively, following reduction of fuel price by the Centre.

The Income Tax Department has detected unaccounted income of Rs 200 crore after it recently raided two Kerala-based quarry operators, the Central Board of Direct Taxes said on Monday.

Kerala Assembly on Tuesday witnessed intense war of words between CPI(M)-led ruling front and Congress-headed opposition over frequent fuel price hike in the country and the latter walked out of House terming it as "state-sponsored tax terrorism."

Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.

Finance Minister Nirmala Sitharaman on Friday stated that the Goods and Services Tax (GST) Council discussed the topic of inclusion of petrol and diesel under the tax structure after the Kerala High Court order.