Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Kerala govt studying tax reduction on gold

IMG Auteur
Published : November 19th, 2012
106 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Gold
Category : On the Web
The Hindu Business Line, in its November 19, 2012 article, reports that Kerala govt studying tax reduction on gold.

Extract :

 

 

 

 

Thiruvananthapuram, Nov. 18:  Kerala Government will examine the issue of reducing levy on gold after an expert committee from the Gulati Institute of Finance and Taxation submits its recommendations. Finance Minister K..M. Mani told gold merchants during a videoconference that the Government’s revenue had taken a hit whenever sales tax on gold was kept low. In 2004-05, sales tax of four per cent generated revenue of Rs 52 crore. Value-added tax implemented in 2005-06 had reduced the levy by one per cent. In 2006-07, the levy was brought back up to four per cent when the revenue had jumped to Rs 97.90 crore, the Minister said.

 

 

Read the rest of the article at The Hindu Business Line
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest topics on forum :
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Greece's Debt: Guess Who Pays in...
04:22belville19071
I have read better analysis from Adrian: Greece is in an extremely strong position and the EC has to give in. If Greece leaves and defaults on its ...
Koos Jansen: India's silver expo...
26 JanDoom
Heh, the title doesn't match the subject. I would have been shocked if India was really exporting silver, much less exporting a record.
Education is Too Important Not t...
26 Jansam_site1
Right on Ron. Americans don't understand that we have been fed a distorted version of history taught in our schools. The constant attempts by cri...
Job Site of the Future: Unmanned...
26 Janrhaacke
All this fear of automation taking over jobs is completely unfounded. It will never be possible for machines to make everyone unemployed. If everyo...
Jim Rickards: Gold price manipul...
26 Janstustev1
Jim, If the intent of the manipulation is to get more gold into China and it is imperative to accomplish this forthwith then why do not the wor...
Dollar Denial Ain't Just a River
24 Janovertheedge
"It all comes back to preparing for the worst, and letting the best take care of itself. Easy to say - hard to implement. " "Therefore, we...
Housing Affordability: How Does ...
23 JanThautikus4
Mish, As a Canadian follower of your excellent commentary I will answer in regard to the Canadian Real Estate bubble which crested in 2013-2014 and...
Francs, Bonds, Barrels, and Bail...
23 Janesandy
Are there any differences between US banks and savings-and-loans with regard to Glass-Steagall?
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.