Continued VAT uptick suggests states likely to benefit from GST

Jan 24 2014, 21:16 IST
Comments 0
RBI report on state finances shows VAT revenue has grown faster than states' overall tax revenue in 3 yrs. Express RBI report on state finances shows VAT revenue has grown faster than states' overall tax revenue in 3 yrs. Express
SummaryRBI report: State finances shows VAT revenue has grown faster than states' overall tax revenue in 3 yrs.

central taxes and an increase in grants to finance state plan schemes,” the RBI report said. Sales tax collections from petroleum products that account for around 30% of the total VAT/sales tax collections also boosted states' OTRs in 2012-13.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...